Saturday, 3 October 2020

How #Dubai property prices compare globally for investor risk - Arabianbusiness

How Dubai property prices compare globally for investor risk - Arabianbusiness:

Dubai's real estate market remains fairly priced compared to other major cities in the world after seeing six years of falling values after reaching a peak in 2014, according to new research.

The UBS Global Real Estate Bubble Index 2020, a yearly study by UBS Global Wealth Management's Chief Investment Office, indicates bubble risk or a significant overvaluation of housing markets in half of all evaluated cities around the world.

The Eurozone stands out as the region with the most overheated housing markets. Munich and Frankfurt top the ranking, with Paris and Amsterdam closely following.

By comparison, prices in Dubai are fairly valued, UBS said, adding that the market is likely to see a rebound in the mid- to longer-term.

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