Since the beginning of 2022, the demand for residential real estate in Dubai has significantly grown. Over the past two years, there has been a noticeable increase in the number of new residential construction projects.
Experts note that as a result of this growth, property prices in certain areas have reached historical highs. The increase in demand is primarily linked to the return of life after the pandemic, as well as attractive investment opportunities offered by the Dubai real estate market.
"We clearly see a trend of rising real estate values in different areas of the city, and this creates a favorable atmosphere for the development of the real estate market as a whole," noted one of the experts.
In addition, the increased supply in the market also shows its influence on price dynamics. Some analysts predict a possible surplus of real estate in certain market segments, which may subsequently affect prices and demand for housing.
Experts recommend potential buyers and investors thoroughly study the market and consider all factors when making decisions regarding real estate purchases in Dubai.
