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What is Dubai Real Estate Market Overview 2023 about?

The Dubai real estate market showed strong performance in 2022. Hotel occupancy averaged 70% from January to September 2022, higher than the same period in 2021, while average daily rates increased 37% year-over-year. Residential property prices rose approximately 12% over the last year and rents increased 19%. Office rents recovered to pre-pandemic levels, rising 12% by the end of 2022. Retail sales are estimated to grow over 4% in 2022 and average around 4% annually through 2026. Demand for industrial and

Author

Shaibi Shamsudeen

Language

EN