The emirates attracted extra high net-worth people than any European tax haven in 2023. In specific, the successful launch of Palm Jebel Ali and Palm Jumeirah’s enduring attract confirmed the ongoing recognition of waterfront residences, whilst branded residences additionally remained in demand. The number of new properties handed over in 2023 was relatively unchanged from the earlier yr Real Estate News, failing to keep up with the speed at which Dubai’s inhabitants is increasing. This supply-demand imbalance has put pressure on rents, resulting in Betterhomes observing a 24 per cent enhance within the average rental worth. We see extra tenants…
