Azizi Developments, a Dubai-based real estate developer, recently announced its plan to invest Dh60 billion in the launch of 50 luxurious hotels and resorts, including a seven-star hotel, in Dubai.
Just when you thought Dubai’s property market couldn’t get any more mind-boggling, along comes news that the world’s most expensive apartment has been sold for a record-breaking $112 million.
It is always interesting to take a look into the future and try to predict what will happen in certain industries. Dubai is one of the most rapidly growing cities in the world, and its real estate market is constantly evolving.
A reduction in pandemic-related limitations will boost real estate, tourism, aviation, and other industries; the first nine months of 2022 will see more than Dh180 billion in real estate transactions.