Dubai Retail Prices Set to Rise Steadily
- Publish date: Tuesday، 31 May 2022
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According to a Reuters poll of analysts, Dubai retail prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors.
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When asked what will drive Dubai's housing market this year and next, a majority of respondents, 11 of 13, said demand from foreign investors. Two chose local demand.
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The latest May 11-26 Reuters poll of 13 property market analysts showed a median rise of 7.5% in Dubai house prices in 2022, unchanged from the previous poll taken two months ago.
When asked what will drive Dubai's housing market this year and next, a majority of respondents, 11 of 13, said demand from foreign investors. Two chose local demand.
#Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts. pic.twitter.com/MvBG9r4pZr
— Dubai Media Office (@DXBMediaOffice) May 30, 2022
A strong two-thirds majority also said rents in Dubai, which houses a large number of expatriates, will be less affordable in the next two years.
However, price rises were expected to slow to 4.5% and 3.0% in 2023 and 2024 respectively, bringing stability to the market.