Dubai’s real estate market is poised for growth in the third quarter

Dubai’s real estate market is poised for growth in the third quarter

Dubai’s real estate market is poised for growth in the third quarter as two key factors come into play: the availability of financing and the steady rise in population. These factors have a significant impact on property prices, attracting potential buyers and fueling demand in the market. In the current market climate, the accessibility of financing takes centre stage, surpassing its usual importance. As rental prices surge, many tenants are now considering homeownership as a viable option. The global increase in interest rates has affected real estate markets worldwide, including Dubai. However, the city has been relatively insulated from these effects due to its political stability and government regulations. These factors instil confidence in prospective investors and buyers, ensuring a steady flow of interest in the Dubai real estate market. This stability comes as no surprise, given that Dubai’s economy relies heavily on tourism and real estate, making the ruling families’ business and political policies key drivers of confidence for both new and existing buyers. Another significant factor driving the market is population growth. Dubai has witnessed a consistent increase in its population year after year, directly impacting supply and demand dynamics. The Dubai Statistics Center reports a population of