Damac Properties director expresses concern over rising costs in Dubai’s real estate market
The chairman of Damac Properties, a major real estate developer, has raised concerns about rising costs in Dubai’s real estate sector. His comments come as the city continues to see robust sales despite skyrocketing prices that could potentially deter future investors and residents. In a recent public statement, the president highlighted the challenges that come with the high costs associated with living and investing in Dubai. He stressed that while the city is known for its luxury and innovation, rising costs could weaken its attractiveness as a top investment destination. The real estate tycoon stressed the need for strategic measures…