Dubai’s realty sector continues its bull run, showing resilience and attractiveness. In just a single week, $3.8 billion in transactions were recorded. A $12.7 million deal for office space in the Burj Khalifa underlined the week’s transactions.
Drawing both local and international investors, Dubai’s realty boom is fueled by several factors, such as —
- positive economic conditions
- strategic urban development initiatives
- focus on luxury and waterfront properties
- the government’s proactive policies, like visa reforms and incentives for foreign investors
Analysts anticipate sustained growth in Dubai’s realty sector this year.