Key Take Aways
In the villa segment of the market, Palm Jumeirah registered the highest sales rate/sqft in Dec 2022. In the apartment segment, Jumeirah has registered the highest sales rate/sqft in Dec 2022.
On an Index base of 100, Dubai realty price index is still at Feb 2018, Dec. 2013 & Oct 2008 price levels (152); about 20 points from Sept.2014 peak.
2022 UAE’s Real GDP Forecast to reach over 5.1 for 2022 (Yet to be published) with a forecast of 4.2% for 2023.
CPI Inflation at 5.2% (i.e. UK 11.3%, US 6.4%) (still. Oct 2022 data).