Looking at the current state of the global economy, it can be noted that the upcoming economic confrontation between the USA, the European Union, and China due to planned tariffs affecting Washington presents a threat to global economic activity. Against the backdrop of anticipated recovery following inflation and geopolitical tensions, the decision to introduce import tariffs of 25% on steel and aluminum from all countries effectively poses a risk to the stability of global markets. The question arises: how will this trade war affect the real estate market, and how could the Dubai real estate market capitalize on it?
"It is believed that the introduction of tariffs on metals may lead to an increase in prices for construction materials, which negatively could affect investments in real estate. However, for Dubai, which is an attractive destination for foreign investors, new opportunities may arise. A decrease in the cost of real estate may attract new investors, which will help diversify offerings in the market," notes Ismail Hamadi.
In light of this, specialists point out that Dubai should attract those seeking alternative investment directions due to the trade war. "For the Dubai real estate market, it is likely that a period of testing will come, but it can also prove to be advantageous due to its flexibility and ability to quickly adapt to changes in the global economy," he added.
