The bar chart illustrates the number of residential properties sold for over 5 million US dollars across eight major cities worldwide in 2009 and 2014.
Overall, London remained by far the leading market for luxury property transactions in both years, whereas Dubai consistently recorded the lowest figures. With the exception of Singapore, all cities experienced notable growth over the period, with particularly dramatic increases observed in New York and Hong Kong.
In 2009, Dubai registered the fewest high-end sales, at just 12 properties, although this figure rose markedly to 46 by 2014. In contrast, Singapore was the only city to witness a decline, with transactions falling from 107 to 74. Sydney, on the other hand, saw substantial growth, with sales climbing from 151 to 258, while Los Angeles experienced a more moderate rise, increasing from 178 to 214.
Elsewhere, Miami demonstrated steady expansion, with figures rising from 256 to 312. Hong Kong recorded a sharp surge, with sales jumping from 388 to 596, narrowing the gap with New York. The latter experienced the most pronounced growth overall, with transactions soaring from 476 to 796, thereby consolidating its position as one of the most dynamic luxury housing markets during the period.