Property prices are subject to various factors, such as
-The state of the economy
-Demand and supply
-Global events, among others
Therefore, any changes in these factors could impact property prices in Dubai.
It’s worth noting that Dubai has a dynamic real estate market that has experienced fluctuations in the past. For instance, in the aftermath of the global financial crisis of 2008, property prices in Dubai experienced a significant decline, while in recent years, the market has shown some signs of recovery.
Residential property prices in Dubai are expected to rise at a slower pace in 2023 after a record year that saw a more than 60% increase in total units sold, according to one of the city’s biggest real estate consultancies.[Jan 15 (Reuters)]
Therefore, it’s advisable to consult with real estate experts who have a better understanding of the current market conditions and can provide more accurate insights into the future trends.