In the first 9 months of 2022, the emirate’s GDP grew four.6 per cent year-on-year to reach Dh307.5 billion. The lately launched Dubai Economic Agenda D33 features total economic targets of Dh32 trillion over the next 10 years. Butler provides he expects to see many traders attempting to dump small condos in urban centres as a result of their plans to show them into short-term leases fell via. TD economists are predicting the number of new house construction starts will fall in 2024, following decreased sales within the pre-construction market.
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