Dubai Real Estate Market Review 29-May-2024
The project features 10,000 residential units, 1,500 hotel rooms, gardens, pedestrian streets, a rooftop waterpark, and AI-enhanced retail. In Q1, Abu Dhabi rents rose 14.7% and Dubai 10.5%.
Dubai, Abu Dhabi retail rents surge in double digits
Retail rents in Dubai and Abu Dhabi surged due to high demand and limited quality stock. In Q1, Abu Dhabi rents rose 14.7% and Dubai 10.5%. Foreign retail brands and the food and beverage sector drive demand, especially in core locations. The supply-demand imbalance boosts rents but limits new market a…
Keep reading with a 7-day free trial
Subscribe to The Real Estate Report to keep reading this post and get 7 days of free access to the full post archives.