What kind of positive effect will the anticipated increase in tourism’s contribution to the UAE’s GDP have on Dubai’s real estate market?
The anticipated increase in tourism’s contribution to the UAE’s GDP is likely to have a positive effect on Dubai’s real estate market. With tourism playing a significant role in driving economic growth, the influx of tourists can lead to increased demand for accommodation, commercial spaces, and leisure facilities in Dubai. This heightened demand can contribute to a more vibrant real estate market and potentially drive property prices and rental yields.
How do experts expect the summer season to fare for the market? Do they anticipate a slowdown, and if so, why?
Experts are cautiously optimistic about the summer season for the market. While seasonal factors such as the summer heat and reduced tourist arrivals may lead to a slight slowdown in certain segments, overall market performance is expected to remain relatively stable. Factors such as ongoing infrastructure development, government initiatives to stimulate economic activity, and the anticipated increase in tourism’s contribution to the GDP are likely to mitigate any potential slowdown effects during the summer months.
