According to analysts, we are going to continue to see price increases in the Dubai property market in the coming years.
Currently, the emirate’s residential real estate market is rather resilient. It is showing signs of recovery for the first time since 2016, with property prices expected to rise slightly over the next two years. However, properties in Dubai are projected to remain affordable throughout the entire period.
The UAE economy has been on a tear following Dubai’s successful immunization campaign and thanks to the government’s economic support measures. According to Dubai Land Department (DLD), this sparked a sustained increase in property sales. Dubai house prices are forecast to increase by 3% and 2.5% in 2021 and 2022, respectively.
Dubai real estate market sees moderate growth, as opposed to other global markets like Canada, Australia and New Zealand, where already record high housing prices are expected to double, at the least.