Video
12:06, 28-Jan-2017
Home buying worldwide: 70sqm sea-view apartment in Dubai
How far would your savings for buying a house stretch in other cities around the world? We had a look around a Beijing home valued at four million yuan (around 600,000 US dollars) and compared it to homes for the same price in nine other hot and not-so-hot property markets. From apartments to villas, school district housing to sea views, we take you on a tour of desirable residences hosted by their owners.
Kong Shuyao from China works for IBM in Dubai, where she has a 70-square-meter apartment with a great sea view. The apartment cost over two million yuan (290 million US dollars) and includes a living room, a bedroom, a balcony and two bathrooms. The apartment faces the ocean and there is a shopping center nearby. An apartment with similar advantages in Beijing might cost five or six million yuan. House prices in Dubai are relatively stable. Kong’s apartment will not surge in value, nor is its value likely to plummet.
Updated
10:38, 28-Jun-2018
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