Recording deals worth 31 billion dirhams since the launch of the "Dubai Expo"
"Reuters": Dubai's economy is recovering significantly... and real estate prices exceed expectations
Expectations of a rise in Dubai real estate prices during 2022, supported by demand from foreigners.
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A survey conducted by "Reuters" of the views of real estate analysts showed that housing prices in Dubai will continue to rise during the next year, twice the increase that was expected three months ago, supported by demand from foreign investors and the improvement in the ability to buy.
And "Reuters", in a report, said that Dubai's economy rebounded significantly this year with the opening of the trade and travel sectors, in light of the success of the vaccination campaign.
The survey, which was conducted from November 18 to December 6, and surveyed 11 real estate analysts, found an average increase of 5% in Dubai housing prices in 2022, double the 2.5% increase that was expected three months ago, and is also expected to increase Prices are 5% in 2023.
In addition, the real estate market in Dubai recorded the completion of 12,352 deals worth 31.08 billion dirhams, since the launch of the “Expo 2020 Dubai” exhibition until the end of last November, including 7,000 deals in the secondary market (ready real estate) worth 19.84 billion dirhams, and 5,352 deals in The off-plan real estate market is worth 11.24 billion dirhams.
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