Real Estate Price Forecasts for Dubai and Paris
Dubai
It is also important to point out that the real estate sector in Dubai is meantime presenting a very sound performance. Projections on the paneling of different segments of the residential property market suggest that new luxury apartments in the most popular areas of the city, currently inhabited by the creative class and young professionals, such as Downtown Dubai and Palm Jumeirah, would continue to rise steadily.
For the year 2020 to 2024 the price has increased significantly from AED 3,000 to AED 3,900 per square feet. The forecast points out further growth of the AED 3,600 in 2019 to AED 4,100 per square foot in 2025.
Paris
So, the actual house market in Paris is stable, and property value keeps on rising steadily. In central and historically marked locations, the price has risen from EUR 10,000 to EUR 10,800 per sq-m during 2020-2024. The forecast is not very optimistic and has estimated that the price may rise up to EUR 11,000 per square meter by 2025 at the most.
Analysis
- Dubai: These factors include the he continually rising prices as an indication to the fact that the city is growing and is highly lucrative for investors since rental yields and taxes are favorable.
- Paris: The constant fluctuations in property prices are as a result of several factors that include culture, history and economic growth of the area of the region.
The two markets are expected to grow further in the future, while Dubai may offer investors better profits in the short term because of the market’s advancement, Paris’ investment will stay stable and bring good benefit.