Off-Plan Property market of Dubai surges as secondary property market, which had experienced explosive growth driven by high investor demand, is now exhibiting signs of a slowdown.
Secondary market sales in Dubai witnessed a 10.2% decline in August 2023 compared to the previous year.
Additionally, the tenancy market is showing a slight moderation, with average rents in Dubai increasing by 21.7% in the year leading up to August 2023.
This figure represents a marginal dip from the 22% growth recorded in July 2023.
Read more
