Even the strongest luxury markets are expected to cool next year, as interest rates rise and economies slow. : Wealthy investors betting on luxury real estate would do best by putting their money in Dubai or Miami next year, according to a new report. In a ranking 25 of the world's top luxury, or "prime," real estate markets, Dubai topped the list, with prices expected to increase 13.5% in 2023, according to real estate consultancy Knight Frank. Miami ranked second, with prices expected to increase 5%. Dublin, Lisbon and Los Angeles followed, with 4% expected increases.