In the latest report of the Global Real Estate Bubble Index 2023, the largest Swiss financial holding company UBS confirmed that Dubai is one of the three cities with the lowest risk of real estate bubbles. This indicates the stability and resilience of this market, which is good news for investors and those wishing to purchase housing in this metropolis.
One of the report's key messages is that property prices in Dubai rose by 15% between mid-2022 and mid-2023, adjusted for inflation. This increase is the highest of any city included in the study. It should also be noted that the increase in rental rates exceeds the increase in real estate prices, which indicates real demand for housing in this region. Strong population growth driven by the arrival of expats is also supporting demand for property in Dubai.
