The United Arab Emirates' real estate market saw a gainful year despite a global slowdown, benefiting from a series of reforms and geopolitical events, including the Ukraine war, with some segments anticipated to lead growth rates globally in 2023.
In the third quarter of this year, global commercial real estate returns turned negative for the first time since the start of the COVID-19 pandemic in the second quarter of 2020, according to US finance company Morgan Stanley Capital International.
