In the primary nine months of 2022, the emirate’s GDP grew 4.6 per cent year-on-year to succeed in Dh307.5 billion. The recently launched Dubai Economic Agenda D33 features complete economic targets of Dh32 trillion over the subsequent 10 years. Butler provides he expects to see many buyers trying to dump small condos in city centres because their plans to turn them into short-term rentals fell via. TD economists are predicting the number of new house development begins will fall in 2024, following decreased sales in the pre-construction market.
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