Dubai has become the busiest market for $10m-plus homes for the first time.
Research by Knight Frank shows that 92 deals worth $1.7bn were agreed in the first quarter of 2023.
By comparison, Hong Kong had 67 transactions valued at $988m, New York 58 deals worth $942m and London saw 36 sales worth $736m.
On an annual basis, London claimed top spot last year with 246 $10m-plus homes sold for $4.7bn, compared with the $3.9bn raised in Dubai in 224 transactions. So far, the value of sales of $10m-plus properties in Dubai for the first half of the year has risen to $3.1bn.
