Property values in Dubai may climb as much as 12% this year, an increase that risks pricing some people out of the expatriate-dominant city, according to real estate consultancy Cushman & Wakefield Core.
Home prices could rise 8% to 12% this year after surging 20% on average in 2023. That’s even though 39,400 homes were completed — the highest number since 2020 — which helped ease demand. Rents, meanwhile, are expected to jump between 10% and 12% this year, compared with 19% in 2023 and 27% in 2022.
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