Miami ranks second to Dubai in branded residences pipeline
Miami ranks second only to Dubai among global markets for its branded residence pipeline, a newly released report shows. Dubai had 64 completed projects and an additional 87 in the works, with Miami trailing behind with 48 completed projects and 55 planned, according to the report from British brokerage Savills. The numbers reveal a diversifying sector proliferating throughout global markets, expanding outward from its American origins. A similar report published in September by Knight Frank found that the Middle East accounts for 15.9 percent of active branded residences globally, and 26.7 percent of all pipeline projects. Combined, U.S. markets make […]This article originally appeared on The Real Deal. Click here to read the full story.
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