The government in Dubai has an ambitious growth strategy for the coming years. Therefore, it is creating a favourable business environment and working on a more transparent fiscal policy, which will attract even more companies to the emirate in the long run. This results in an ever-growing demand for housing for the growing number of expats.
While many international markets are still recovering from Covid-related lockdowns and restrictions, Dubai's economy has made great progress. This economic recovery, boosted by higher oil prices and the revival of tourism and trade, resulted in exceptional transaction figures (both in volumes and value) in the property market.