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Significance
In contrast to many developed and emerging markets, real estate prices, particularly at the luxury end of the market, have risen strongly in 2023. Nevertheless, residential property values remain below their 2014 peak.
Impacts
Federal policies to attract high-net-worth individuals will underpin Dubai’s residential market into 2025.
The likely end of US monetary tightening will help to stabilise or reduce mortgage payments from here on.
Limited residential and commercial supply will reduce the possibility of another boom-bust cycle into the medium term.
Keywords:
United Arab Emirates,
ME/NAF,
China,
Hong Kong,
India,
International,
Iran,
Russia,
Ukraine,
United Kingdom,
United States,
economy,
foreign investment,
prices,
property,
retail,
tourism,
Real estate
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2023
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