Dubai's luxury property demand increases, making the city more expensive, warns Damac chairman Hussain Sajwani.

Hussain Sajwani, chairman of Damac, warns that Dubai's rising property demand, particularly in luxury markets, is making the city increasingly expensive. As the UAE anticipates being the top wealth magnet for a third year, property sales are projected to surge, with a 31.63% increase in July 2024 compared to 2023. Sajwani acknowledges the challenges of inflation and living costs but remains confident in Dubai's market stability and its appeal to global talent.

September 11, 2024
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