In Dubai, owners of luxury real estate are postponing sales deals due to price increases of 10-15%

As the value of real estate in Dubai is growing, those sellers who have ready-made luxury homes are postponing their sale, as they will be able to sell their properties more expensive in the coming months. Sales of homes worth more than 100 million dirhams are also on the way to new highs.

Due to rising prices, Dubai's real estate sector has become inaccessible to some buyers. Many of them have decided to rent real estate instead of buying. According to sources in the Dubai real estate market, almost all transactions are concluded directly in cash (or cryptocurrencies). Most of the buyers dismiss options with a mortgage or installments.

Real estate experts in Dubai are confident that Dubai market will grow even more in 2022 despite the fact that the indicators of 2021 have become one of the best in terms of profitability in the emirate's real estate market for more than 10 years.