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Dubai luxury property prices are soaring. Hong Kong? Not so much

Luxury property prices in Dubai are surging while those in Hong Kong are tumbling, in a development that arguably reflects the wider fortunes of two of the world’s most dynamic wealth hubs. Average annual prices for high-end real estate in Asia-Pacific rose 1.5% in the 12 months to June across 46 markets ranging from Shanghai to Sydney, Knight Frank’s Prime…

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