10/23/2026
Cities with the biggest luxury home price booms over 5 years
Taking a closer look at the luxury real estate market worldwide, it’s fascinating to see just how much values have shifted over the past five years. Dubai led the surge with luxury home prices jumping an incredible 155.3%, followed by Tokyo at 141.7%, and Manila at 88.8%. Cities like Seoul, Miami, Mumbai, Milan, Nairobi, Singapore, and Madrid also saw significant growth, while places such as Beijing, Toronto, and London experienced declines. As someone who guides clients through Miami’s dynamic and ever-evolving market, I’m always keeping an eye on these global trends—especially since Miami is right there among the top movers. It’s insights like these that help me provide the best strategies for buyers and sellers looking to navigate our area’s unique opportunities.