While the global economy seems to be facing significant headwinds, in Dubai the property sector is surging. Throughout 2022, real estate in luxury areas, like Palm Jumeriah, more than doubled in price, as buyers from around the world flocked to the stability of the UAE.
Now, prices are continuing to rise, with little end in sight to the boom times – or is there? Simon Baker, managing director for property firm haus & haus joined Arabian Business to break down his outlook on the future of prices for real estate in Dubai. In addition, Baker also dives into the opportunities for investors in the crowded property sector, along with offering insights on why this upturn is different from any other.
Watch the video above for the full interview.
(Source: ArabianBusiness YouTube channel)
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