
Celebrities who own elite real estate in Dubai lose significant amounts of money due to collapse of prices in the local market, writes Prian.ru .
Among the most famous personalities who own the real estate here, Michael Schumacher can be called, who owns Antarctica (artificial island worth 7 million in the World Islands project), Brad Pitt and Angelin Jolie, Michael Jackson, as well as a number of famous English football players? Such as David Beckham and Michael Owen.
As the Daily Mirror newspaper calculated, real estate acquired by Beckham and Owen is now cheaper for more than $ 100 thousand every week.
According to local realtors, it was the premium segment that experienced a price decline to the most significant extent. So, a 4-room villa, which cost 4 million dollars a few months ago, is now being sold twice as much.