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Report: Dubai real estate shifting towards more permanent residents
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Economic insights: September/October 2024
In the real estate industry, it is crucial to stay on top of market trends, of course, but also those of the global economy, which affects not only real estate, but most aspects of daily life. Keep up to date with Luxury Portfolio International here, where Dr. Marci Rossell, chief economist for Leading Real Estate Companies of the World, shares her top five insights from the past month.
Report: Dubai real estate shifting towards more permanent residents
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Report: Dubai real estate shifting towards more permanent residents
By LISA KLEIN A new report released by Dubai-based real estate firm Betterhomes reveals that the city’s population is continuing to shift from one of short-term expats and workers to a more permanent, home-focused community. “Future Living: The Dubai 2024 Edition” explores this change attitude amongst residents, along with other key real estate trends, in the bustling United Arab Emirates city. “When I first arrived in Dubai, I, like so many, viewed Dubai through the prism of a short-term experience – somewhere to work and live for two or three years, but ultimately somewhere to move on from,” said Richard Waind, CEO of Betterhomes, in the report.
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