Reported 8 months ago
Dubai's real estate market is showing resilience, hinting at a possible end to its boom-and-bust cycles. Despite expectations of a slowdown in early 2024, property prices and rents continue to surge, with values rising for 15 consecutive quarters and demand coming from various regions. The market's resilience is attributed to factors like wealthy investors seeking asset protection, the appeal of second homes to rich individuals, and government policies attracting foreign buyers. However, affordability challenges and the potential for prices to moderate in the future remain concerns.
Source: YAHOO