UBS: Dubai is the only survivor of an expected real estate bubble for major global cities
The UBS Global Real Estate Bubble Index for the year 2021, which is an annual study conducted by the Principal Investment Office of the Global Wealth Management at UBS, confirmed that the risk of a real estate bubble in the world's largest cities has increased during the period Current, in many of the major cities tracked by the index.
The bank indicated in its study issued today, of which (Emirates Today) obtained a copy, that Dubai is the only real estate market expected to move against the trend during the coming period, as it is one of the least undervalued markets.
The study showed that cities such as Frankfurt, Toronto and Hong Kong topped the index this year, with the three cities receiving the most pronounced real estate bubble risk assessments in the housing markets analyzed.
The study indicated that the risks also increased in Munich, Zurich, Vancouver, and Stockholm, as these cities returned to the risk of a real estate bubble.
The list was completed with the addition of cities such as Amsterdam and Paris, and all the American cities that were evaluated, including Miami, Los Angeles, San Francisco, Boston and New York - entered the area of overpricing, and imbalances in the housing markets also increased in both Tokyo, Sydney, Geneva, London, Moscow, Tel Aviv and Singapore. .
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