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UAE: A huge rise in real estate prices in the country
UAE: A huge rise in real estate prices in the country

Realtors expect real estate prices in the country to rise by 15% by the end of this year, with the possibility of maintaining those rates until the end of next year.

Real estate agents expected real estate prices in the country to rise by 15% by the end of this year, with the possibility of maintaining those rates until the end of next year, referring to 10 factors, led by the Expo 2020 Dubai and the 50 projects, which will be strong supporters. For the recovery of the UAE economy in general, and the real estate sector in particular.

They explained that the other eight factors are the introduction of new residence systems, the increase in international flights, the success of vaccinations against the “Corona” virus and the decline in infections, in addition to the recovery of the job market, and the re-launch of some delayed real estate projects, with the increasing demand for purchase. Attracting more companies by reducing fees, noting that the high prices of building materials and the impact of some supply and supply lines for some raw materials, will raise the prices of the final real estate product.