Dubai’s Real Estate Market Is Attracting Foreigners
- Real Estate in Dubai
- USD 762 million was spent on properties in Dubai in Q1
- In 2014, Q1 generated only USD 700 million
To cut it short
In 2009, house prices in Dubai fell 49% from the peak achieved in 2008. Prices are now climbing back; in January 2015, the prices were only 19% below the peak price. This boost is driven by a robust demand from foreigners living in and outside Dubai.