Daily Business Wrap - A $1m home in Dubai sure fetches more space these days - video Dailymotion

Challenge for developers would be to ensure enough buyers keep coming back for more

Transcript

00:00So what does $1 million buy you in property in Dubai these days?

00:05Well, according to a new Knight Frank report, it buys you around 1,400 square feet of living

00:10estate.

00:11Compare that to Monaco, where it only buys you 160, or Hong Kong, where it buys you 220

00:17square feet, or even New York, which is 360.

00:20Our latest story from Minoj, our property reporter, suggests that prices have never

00:25been better in Dubai for buyers of wealth who have over $1 million to spend.

00:30But the UAE isn't the only place where prices have slipped.

00:34London, exhausted by Brexit, also saw its prices dip by around 4.4%, making property

00:41there somewhat more affordable.

00:43Elsewhere, after 108 days in prison, ex-Nissan chairman Carlos Ghosn has finally been released

00:50from prison in Japan on a $9 million bail.

00:53The chairman stands accused of improperly using Nissan funds, claims which he denies.

00:59He left the prison early this morning in Japan wearing a face mask and orange braces, which

01:05some called a disguise, but he was quite obviously able to be spotted by the waiting press.

01:11And finally, in the first conventional bond listing of 2019, Emirates Development Bank

01:16listed a $750 million bond on the Nasdaq Dubai exchange.

01:21It's the first product to be listed on the exchange by the bank, which is wholly owned

01:26by the UAE government.

01:27That's all for today.

01:28You can find all the latest news on gulfnews.com.

01:31I'm Ed Clouds and thank you very much for watching.