How will Dubai and Abu Dhabi property markets perform in 2023? – The National
- Date: 28-Dec-2022
- Source: The National
- Sector:Real Estate
- Country:UAE
How will Dubai and Abu Dhabi property markets perform in 2023? – The National
The UAE property market, and Dubai's in particular, has experienced quite a year.
Records tumbled with regularity as prices and transactions soared amid a strong economic recovery from the Covid-19 pandemic, plus the hosting of Expo 2020 Dubai and the nearby 2022 Fifa World Cup.
Despite global economic headwinds, high-net-worth individuals have flocked to the UAE in the past 18 months, which has given impetus to the luxury market. The number is expected to rise by 22 per cent in the next five years, according to Savills.
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