Dubai Residential Property Market Transactions Reach AED61.9B
The impact on UAE’s economy and Dubai’s residential property market seems limited for now.
Villa and apartment transactions in Dubai estimated to have reached AED 61.9 billion between January and May this year.
Growth Rate
Abu Dhabi’s GDP growth from about 0.5 to 6% this year with Dubai’s GDP predicted to expand by a similar figure.
Many reasons for cautious optimism when it comes to containing inflation in the UAE:
- Government’s extremely diversified imports strategy, steps to boost food security in recent years.
- Strength of the US dollar, which is curtailing imported inflation, are all huge positives.
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