Why Dubai may be most profitable place to buy property...if you can afford it
- BloombergUpdated: Jun 23, 2024, 16:32 IST IST
Home values have risen for 15 consecutive quarters and rents have climbed for 13 straight quarters: Dubai real estate’s resilience may signal the end of the boom-bust cycle
Dubai’s red-hot real estate market is defying predictions of a slowdown, in a sign that the West Asia business hub might be breaking free from its boom-and-bust cycles.
“Prices are continuing to rise and the transient nature of Dubai seems to be well and truly over,” Taimur Khan, the head of research at global property advisory firm CBRE Group Inc, said. “Whether new or long-standing residents, most are buying for occupancy now and as a result we’re seeing prices remain resilient.”
“Prices are continuing to rise and the transient nature of Dubai seems to be well and truly over,” Taimur Khan, the head of research at global property advisory firm CBRE Group Inc, said. “Whether new or long-standing residents, most are buying for occupancy now and as a result we’re seeing prices remain resilient.”
