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Maintaining its exponential development trajectory, the sector witnessed transactions price a report Dh528 billion in 2022, a 76.5 per cent increase from 2021. Similar to what’s happening in the housing market, excessive rates of interest are depressing the volume of hotel sales, which in San Diego County recorded their second greatest decline in 15 years. Rising inflation and exchange rates are among the headwinds within the country’s real estate and building sectors increasing borrowings as a end result of higher costs of imported constructing supplies and machinery. Dubai’s luxurious real estate market has had an unprecedented 12 months, largely because of the inflow of millionaires from across the globe. The UAE ranks above the United States and is second only to Australia when it comes to wealth migration.
- Network with other professionals, attend a seminar, and keep up with business developments via occasions hosted by NAR.
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