Dubai's real estate market is expected to grow in 2022, despite COVID-19 causing uncertainty in the market, as strategic government initiatives, visa reforms, a sustainable economy and a successful strategy to combat the pandemic will continue to attract global investors.
Recent data show that the decline in the loan-to-value ratio and the sustainability of the business have helped Dubai to revive high investment interest in the real estate sector, which last year saw a recovery in all indicators of rent, cost of capital and transaction volumes.
In 2022, about 36,000 residential units will be commissioned, which will reduce the gap between supply and demand. Transaction volumes will constantly grow. Sales transactions on both the secondary and off-plan markets will grow steadily in 2022, as demand from local and international buyers persists.
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