In 2021, Dubai ranked 3rd among the world's cities in terms of rising prices for luxury real estate

In 2021, Dubai ranked 3rd among the world's cities in terms of rising prices for luxury real estate

Dubai's luxury real estate market in 2021 showed the third largest price increase among cities in the world, and first-class residential communities promise to become a safe haven for investment in 2022.

 

The city's real estate market is expected to achieve capital growth of 4 to 5.9% this year in 2022, after a 17.4% growth in 2021, as the economy recovers from the pandemic and demand exceeds supply.

 

In 2021, the cost of capital increased by 6.9%, which represents a significant increase compared to 2020, when the world was fully affected by the pandemic.

 

According to real estate experts, some cities, including Dubai, have also benefited from the flexibility of remote work and the desire for more space.

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