Real Estate
Morgan Stanley Sees Cash Buyers and China Buoying Dubai Property
- Home prices are up by an average of 20% from 2020 trough
- Structural reforms and strong rental yield to also buoy demand
Residential skyscraper buildings beyond luxury villas on the waterfront of the Palm Jumeirah in Dubai, United Arab Emirates.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
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Morgan Stanley expects the rally in Dubai’s property prices to continue this year — even after a 20% jump since 2020 — due to cash buyers, yield-hunting investors and the reopening of China.