Dubai’s property rental and sales prices are seeing a positive upward trend which can be attributed to the emirate’s efficient policies, after a strong recovery from the pandemic, as well as visa reforms that are contributing to Dubai’s popularity as a long-term perspective.
How are we seeing on the progress in the market from the last 6 months?
The luxury segment has outperformed all others, and the prices continue to rise. This is specifically in the case of the super-luxury segment where the lack of supply doubles the prices in certain areas. However, mid-range properties are always popular in Dubai. Moreover, those prices are not rising at the same speed as in the luxury segment, the increase has been slower, but steady. The affordable end of the real estate market is the one with the least changes in prices in the last six months.
Dubai’s culture in 2022
Dubai is a luxurious cosmopolitan city where everyone feels welcome. You should be very lucky to be in the city that is the bridge between East and West, which makes the Emirate a perfect destination for considering a second home.
Forecast for the rest of 2022
Dubai is a lively city and bursting with many new visitors every day. One can just have a look at the hotel rates and understand how busy and popular this city is. We are keeping a close eye on all the new changes happening and we can stay optimistic in the coming months.