63 Days
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الاقتصادية
Night Frank: Dubai Maintains Its Real Estate Appeal Despite Rising Interest Rates
Reports indicate that Dubai's real estate market continues to maintain its appeal despite rising interest rates, with over 80% of home sales last year conducted in cash. The COVID-19 pandemic and improved confidence in Dubai’s crisis management were key factors in the market’s stability, which has seen prices increase by 83% over the past five and a half years, while the investment value remains high compared to most global cities. The market has also shifted from reliance on speculation to genuine demand from residents and families, with price corrections ranging between 5% and 20%, though these adjustments have not erased the substantial gains.
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