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Dubai: Residential market shrugs off inflation threat as housing transactions hit Dh61 9b

The impact of global inflation on the UAE economy and the Emirate's property market is likely to be limited for now

United arab emiratesAbu dhabiAbuz abyAshley baylissKnight frankFaisal durraniResearch at knight frankMiddle east researchOxford economicsDebt advisoryResidential market

Dubai apartment, villa deals hit Dh61 9b till May

Mortgaged buyers account for just 18% of Dubai’s residential market by value

United arab emiratesAbu dhabiAbuz abyAshley baylissKnight frankFaisal durraniHead of middle east researchDubai media officeImage creditDubai mediaMiddle eastOxford economicsDebt advisory

Inflation may not impact Dubai, which saw $16 8 billion in apartment and villa sales between January and May: Knight Frank

DUBAI: Inflation is likely to have little impact on the economy of the UAE, real estate agency Knight Frank has claimed, as it estimated that between January and May 2022, villa and apartment transactions came to AED 61.9 billion (16.8 billion).

United arab emiratesAbu dhabiAbuz abyAshley baylissKnight frankFaisal durraniHead of middle east researchMiddle east researchOxford economicsDebt advisoryAl ahsaAl kharjKhalij timesGulf newsSaudi gazetteKing abdullah

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