UAE real estate defied global trends to have stellar year in 2022

UAE real estate had an exceptional year and defied global economic woes says CBRE

The UAE defied global market trends to score an exceptional year, according to market analysis by CBRE.

Dubai real estate, in particular, saw an impressive rise with property prices up 9.5% and more than 90,000 transactions recorded.

Meanwhile hospitality came back towards pre-Covid levels, office demand increased and retail had a double-digit growth, said the CBRE.