Video Transcript
Anezina Mytilinaiou, CFA
Corporate Credit Analyst
Markets Debt Team
We continue the Middle East North Africa (MENA) Conference in Dubai, meeting with property developers and conducting site visits across Abu Dhabi and Dubai. In the third quarter, apartment prices rose by 20% compared to last year, with rental growth in the strong double digits. New areas are also emerging as integrated, well sustained communities; Dubai South near Al Maktoum International Airport is gaining increasing attention. The real estate landscape in Dubai is also more transparent. New regulations are in place, fostering growth in the industry, while enhancing market credibility. As we look ahead to 2025, the market remains strong. But the next two years will be crucial to monitor, with anticipated increasing supply, with some of it expected to hit the secondary market.
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