September 25, 2024

Dubai property market to see highest growth in 2024 among major global cities

Dubai’s property market is expected to lead global cities in growth this year, though high new supply may cause a short-term correction. According to the UBS Global Real Estate Bubble Index 2024, Dubai’s score rose from 0.14 in 2023 to 0.64, moving its ranking from 23rd to 14th place. For the past three and a half years, property prices and rentals in Dubai have increased, driven by a population...

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