Dubai is looking forward to long-term growth, with real estate booming after rapid recovery – Gulf Today

Dubai is looking forward to long-term growth, with real estate booming after rapid recovery – Gulf Today

Real estate research firm CBRE reported that average real estate prices rose 12.8 per cent in the first quarter.

Dubai is accelerating to attract residents, investors and capital to stimulate long-term growth, supported by the rapid economic recovery it achieved after the Covid-19 pandemic.

The report stated the approach that the emirate seeks is to reuse a brilliant economic model that has focused for decades on real estate investment, tourism and foreign capital inflows. The real estate sector is booming again with the help of strong demand and more affordable residency rules. Analysts believe this time that there are more protection measures in the face of any recurrence of the problems of the global financial crisis in 2008.