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A report showed that sales of homes worth $10 million or more In Dubai, it rose six percent during the first quarter of the year compared to last year, with no appearance There are significant signs of a decline in the demand of the world’s wealthy people for homes in the emirate.

Real estate consultancy Knight Frank reported that a total of 105 homes were sold for a total value of $1. $73 billion in the January-March period, up from about $1.6 billion The previous year.

This recovery was dominated by cash buyers, and Palm Jumeirah, an artificial palm-shaped island, The most popular region accounted for 36.3 percent of sales in terms of total value, followed by Jumeirah Bay Island and Dubai Hills Estate.

Dubai, where the tallest tower in the world is located, seeks to develop its economy through tourism and building a center Local financial and attracting foreign capital, including to the real estate sector.