Aishwarya Rai Bachchan is one of many ultra-high-net-worth individuals (UNHWI) who are securing property in Dubai.
Reports are that about 26 percent of the private wealth of the UHNWI’s is spent on properties in the Middle East, and which includes film stars from India like Aishwarya Rai Bachchan and Shah Rukh Khan, Gulf News reported.
According to new analysis from international real estate adviser Savills, the worth of UNHWI’s property holdings in Dubai was about to raise as the rich rushed to claim real estate in the city, and now accounts for around a fifth of the invested wealth of the nearly 200,000 UHNWIs in the world.
The average value of UHNWI real estate holdings in the city is 8 million dollars, as compared compared to 32 million dollars in Hong Kong, 28 million dollars in London and 9 million dollars in New York.
Source Business Standard