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Dubai will continue attracting the interest of investors as a safe haven despite the economic fallout from geopolitical events, according to an S&P Global report.
The report noted that Dubai’s property market is all set to consolidate gains this year from a rebound that began in 2021.
“The market is set for a moderate increase in property prices, rents, and increased sales volumes this year,” analyst Tatjana Lescova wrote in the report.
The S&P report noted that the gross domestic product of Dubai will rise by 2.5 percent in 2022, and 2 percent in 2023. According to the report, stronger oil prices will help Dubai achieve economic growth in 2022.
DEWA eyes $2.2bn in Dubai’s first-ever IPO of a state-owned entity
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