Dubai house prices to rise modestly

Back on track: Dubai’s economy has bounced back sharply from the pandemic following a successful vaccination drive and that has spilled into the real estate market. — AFP

BENGALURU: Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.

The economy has bounced back sharply from the pandemic in the city-state following a successful vaccination drive, and that has spilled into the real estate market, with a continued increase in sales, according to Dubai Land Department records.