news
January 22, 2024
In 2023, Dubai's real estate market soared with $112 billion in sales
In 2023, Dubai's real estate market soared with $112 billion in sales last year, witnessing a remarkable 49% surge in property prices.
Dubai's proactive implementation of long-term 'golden' visas and groundbreaking regulatory adjustments like abolishing local partnership requirements and legalizing unmarried cohabitation has created a fertile environment for sustained business growth. These measures, alongside efforts to combat illicit financial flows, exemplify the city's resilience amidst global economic challenges, fortifying its commercial real estate sector and positioning it as a beacon of innovation and adaptability in a rapidly changing landscape.