The latest Reuters survey of analysts shows an average increase in house prices in Dubai by 7.5% in 2022.
According to experts, the cost of housing in Dubai will grow for at least another two years. This is mainly due to stable demand from investors and buyers from abroad. According to Reuters, higher interest rates and a shortage of available facilities may become a deterrent to activity in the future.
The economic recovery caused by the rising cost of energy carriers and increased activity in the tourism and trade sector helped the real estate market to survive the falls of previous years and maintain a steady positive trend.
According to a Reuters poll of May 11-26 among 13 market analysts, recorded an average increase in prices for residential properties in Dubai by 7.5% in 2022. A similar indicator was recorded two months ago.
Optimistic market trends associated with the weakening of the coronavirus, combined with the successful holding of the global Expo-2020, as well as the resumption of tourist corridors, continue to contribute to the recovery of the market in all directions.
