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NewsTranscript
00:00 [Arabic]
00:16 Basically I'm looking at a lot of different things. I'm going from online to online.
00:21 I'm looking at websites, I'm looking at different websites.
00:24 I'm looking at different real estate websites on the internet, like Bayout and Property Finder,
00:30 to find out about the properties and their details.
00:33 At the moment, the rents have gone up significantly.
00:36 So I'm thinking about changing my mind about renting and owning a property.
00:42 [English]
00:46 [Arabic]
00:54 Overall in Dubai, if you look at the market, the number of units is 700,000 units currently.
01:00 And we expect something like 7,500,000 people.
01:04 Others will come to live in Dubai by the year 2040.
01:08 And Dubai will only have between 40,000 and 60,000 units every year in the market.
01:13 Which means we have an increase of 4 million people in 15 years.
01:17 And so you're looking at between 1.3 and 1.4 million units over the next 15 years.
01:26 It seems that the future expectations of companies indicate more growth in prices and rents in the coming years.
01:36 But there may be a slowdown in demand over the medium term.
01:41 [Arabic]
01:44 [Arabic]
01:50 [Arabic]
01:57 [Arabic]
02:07 [Arabic]
02:14 [Arabic]
02:23 Propertyfinder's report indicated that the share of the real estate market in the UAE is increasing by 8%.
02:32 Experts predict that the real estate market in the UAE will grow by more than 4% in the coming year.
02:38 In light of the continued acceptance of the country and the number of tenants to own units instead of renting them.
02:46 Kareem Moussa, CNBC, Arabia, Dubai.
02:49 Dubai.
02:49 [BLANK_AUDIO]