It is not possible to say for certain whether Dubai’s real estate prices will shatter all previous records this year as it is influenced by various factors such as market conditions, government regulations, and economic performance. However, certain things that can drive property prices up in Dubai include:
1. The increasing population in Dubai is due to the city’s growing economy and business opportunities.
2. Dubai’s stable political environment and government policies support foreign investment in real estate.
3. The current low-interest rate environment can make borrowing for property purchases more affordable.
4. The recent completion of major infrastructure projects in the city such as the Dubai metro, airport expansions, and other developments.
That being said, it is always advisable to consult with a real estate expert or do your own research before making any investment decisions.
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