December 27, 2024

Dubai Faces Sharp Rent Hikes Due To Apartment Shortage

Dubai's property market is facing a shortage of luxury apartments, leading to a dramatic increase in rental prices for high-end properties. Experts attribute this trend to a growing demand from high-net-worth individuals (HNWIs) moving to the emirate, coupled with a limited supply of truly luxurious options. “There aren’t many luxury apartment projects available at the moment,” said Vladimir...

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