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Property Company Damac’s Chairman Voiced Reservations Over “Expensive” Dubai

United Arab Emirates, 2024 is expected to be another record year for sales and property values, indicating that Dubai’s real estate market is far from over.

Prices of homes and other city goods are rising due to the growing demand for real estate, particularly in the luxury sector.

This is happening at the same time as the United Arab Emirates is predicted to remain the world’s leading magnet for wealth for the third year running.

That portends both terrible and good news for Hussain Sajwani, chairman of the massive Dubai real estate company Damac.

Source (CNBC)

SourceCNBC
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