Hussain Sajwani says Dubai real estate entering best phase yet

Hussain Sajwani, founder of Dubai-based luxury real estate developer DAMAC Properties. The real estate markets success is built off Dubai’s ‘amazing’ approach to handling Covid-19, the property tycoon said

The real estate market in Dubai has begun to enter its most sustainable period of growth yet, according to property mogul Hussain Sajwani.

Dubai’s real estate market has been experiencing a post-pandemic surge, with prices across the city rising rapidly over the past year. In some luxury areas, such as the Palm Jumeriah, prices more than doubled over the course of the year.

The reason behind this rise is chiefly due to a change in the demographics of those coming to live in Dubai, Sajwani explained.