EP 10 :- Foreign investment to keep Dubai property prices on an upward trend.

EP 10 :- Foreign investment to keep Dubai property prices on an upward trend.

Dec 06, 202339 ViewsNone

A Reuters survey of analysts suggests that Dubai's housing prices are poised for a generally steady increase over the upcoming two years, primarily propelled by foreign investor demand. However, these analysts caution that elevated interest rates and a scarcity of affordable housing options might hamper market activity. Despite a prolonged period of decline in the past, the Dubai property market has bounced back due to an economic resurgence fueled by higher energy prices and a revitalization in trade and tourism. This market has sustained a positive momentum after overcoming a prolonged period of downturns.