Buy a $400,000 house with a 20 p.c down fee on a 30-year fixed-rate mortgage, and the month-to-month payments will range widely depending on the rate of interest you lock in. “This is about the worst time to buy a home,” said Christopher Mayer, a real estate professor at Columbia Business School. The Dubai economy continues to witness strong progress regardless of the difficult global financial situation. In the first nine months of 2022, the emirate’s GDP grew four.6 per cent year-on-year to reach Dh307.5 billion. The lately launched Dubai Economic Agenda D33 options complete financial targets of Dh32 trillion over the subsequent 10 years.

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