U.A.E. (Dubai) Real Estate News
U.A.E. (Dubai)
Global Residential Rents Continue to Climb Despite Worldwide Economic Uncertainties
According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down from a high of 11.9% in Q1 2022.
Global Home Prices Still Rising in 2022, But at Much Slower Pace
According to international property consultant Knight Frank, house prices across 56 countries and territories are still rising at a rate of 8.8% per annum, down from 10.9% at their peak in Q1 2022.
Global Housing Markets Index Defies Market Forces, Prices Still Rising
According to international property consultant Knight Frank, global housing markets defied the odds in Q2 of 2022. While many expected a notable slowdown in the second quarter of 2022, both in terms of the index's overall performance, and in relation to the number of countries seeing house price declines in annual terms. Neither materialized.
Despite Economic Headwinds, Global Commercial Property Investment Remains Attractive in 2022
According to global property consultant CBRE, following a strong global economic recovery in 2021 and early 2022, macroeconomic headwinds are raising fears of a broad-based downturn as central banks address persistent high inflation.
