Weekly Real Estate News
Source: Gulf Business —
The UAE’s real estate market remains a subject of keen interest to investors, owing to its continuously ambitious expansion and advancement.
Over recent years, the sector has garnered global attention, leading Henley & Partners’ new global real estate index in 2022 accounting for factors including investment attractiveness and quality of life.
In Dubai, the real estate sector accounts for 8.2 per cent of the emirate’s gross domestic product (GDP).
Further growth potential is underway as Dubai’s 2040 Urban Master Plan comes to life, coupled with incoming flows of foreign direct investment (FDI) to the Emirates in 2023, a major share of a $66bn flow targeting the Middle East, North Africa and Pakistan (MENAP).
A thriving city for long-term residents and a prime investment for domestic and international investors, Dubai has also cemented itself as an inspirational global tourist destination.
