Forecasted Interest Rate Increase
Experts predict that the real estate market in Dubai would react differently to increasing interest rates. In the United States, mortgages often have longer payment periods. Despite the heightened interest rate uncertainty in the United Arab Emirates, the real estate market in Dubai 2023 is predicted to continue growing strongly. A leading UAE property search platform recently reported market trends for the second quarter of 2023. Boosted confidence among financiers, a slew of new initiatives, and recent developments in the business world all played significant roles in this expansion. Property investors in Dubai flock to desirable neighbourhoods like Dubai Marina, Downtown Dubai, Business Bay, and Palm Jumeirah and Damac Hills.