Tag: dubai housing

Dubai housing boom buoys buyers, burdens tenants

by Sahar Al Attar Agence France Presse Dubai, United Arab Emirates (AFP) — With rents soaring and properties selling fast, the expatriate hub of Dubai is in the throes of a housing boom bolstered by rich emigres that has buoyed investors and burdened tenants. Dubai, renowned for its towering skyscrapers and ultra-luxury villas, saw record real estate transactions in 2022, largely due to the influx of wealthy investors — especially from Russia. That helped to […]