Dubai real estate market forecast

Abou Eid Real Estate Development Expands into Dubai Real Estate Market with $19M Celia Residence Project

Lebanon's Abou Eid Real Estate Development has announced the launch of a new residential project in Dubai, marking its expansion into the UAE real estate market. The Celia Residence project, located in Dubai Studio City, is worth 70-million UAE dirhams ($19 million) and is set to be completed by 2024. The four-story Celia Residence will contain a total of 111 apartments, consisting of studio, 1BHK, and...

Dubai real estate market forecast

Dubai’s real estate market has been fuelled by the city’s tourism boom and rise in purchasing power. However, with the recent oil price crash and a sluggish global economy, analysts are forecasting that this will impact Dubai’s property sector. We expect foreign buyers in the UAE to decrease by 13% by 2022 as a result of weaker macroeconomic factors. Some of Dubai's international schools...

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