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The ‘Dubai of Brazil’ Is a Bet on a Future that Only Goes Up

Posted

January 21, 2024

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The most expensive real estate in Brazil isn’t on the beaches of Rio de Janeiro. It’s in the small town of Balneario Camboriu, dubbed the “Dubai of Brazil.” It's become a test case for what happens when private developers are given free rein.

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The ‘Dubai of Brazil’ Is a Bet on a Future that Only Goes Up · Bloomberg News · Sentinel