Dubai will continue attracting the interest of investors as a safe haven despite the economic fallout from geopolitical events, according to an S&P Global report. The report noted that Dubai’s property market is all set to consolidate gains this year from a rebound that began in 2021. “The market is set for a moderate increase in property prices, rents, and increased sales volumes this year,” analyst Tatjana Lescova wrote in the report. The S&P report noted that the gross domestic product of Dubai will rise by 2.5 percent in 2022, and 2 percent in 2023. According to the report, stronger oil prices will help Dubai achieve economic growth in 2022.
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