This is why houses in dubai are so cheap
Dubai, a city synonymous with luxury and opulence, has recently witnessed a surprising trend – the affordability of its real estate. In a city known for its extravagant developments and high-end living, the idea of reasonably priced houses might seem perplexing. However, there are several factors contributing to this shift in the Dubai real estate market. Dubai has strategically diversified its economy, aiming to reduce reliance on oil revenue. The government's focus on boosting tourism, trade, and technology has attracted a diverse population, increasing the demand for housing. In response, developers have introduced budget-friendly options to accommodate this expanding demographic. The real estate market in Dubai experienced rapid growth in the early 2000s, leading to an oversupply of properties. This oversaturation prompted a market correction, with developers offering competitive prices and attractive payment plans to stimulate demand. The aftermath of this correction has creat...