Real estate outlook positive in Dubai and Saudi Arabia ...United Arab Emirates

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Real estate outlook positive in Dubai and Saudi Arabia
The real estate markets of Dubai and Saudi Arabia are poised for further growth in 2023, mainly driven by the spurt in residential sales across both countries, according to Deloitte. In its ninth annual ‘Middle East Real Estate Predictions 2023’ report, Deloitte provides a positive outlook for the next 12 months and investigates a range of real estate segments, including hospitality, residential, retail, commercial office space and industrial. Among the main findings, the report reveals the recovery post-COVID-19 of tourism in both Dubai and Saudi Arabia, with the key indicators within the hospitality sector being the increase over the past year in occupancy and average daily rates (ADR). It

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