Visualization of cities by real estate bubble risk 📊

Despite the perception that Dubai has grown on oil revenues, the city's main sources of income are tourism and real estate. UBS analysts, as part of the UBS Global Real Estate Bubble report, have rated the Dubai real estate market as "not overvalued", its real value is significantly higher than the current market value – the city is protected from the real estate bubble.
An index exceeding one point indicates the threat of a bubble in the market. If the value of this index approaches 1.5 points, this means that a collapse may occur in the near future. In this case, prices and demand for real estate will begin to decline, which may lead to losses for investors.

According to the UBS report, there is no threat of a bubble forming in the real estate market in Dubai. The housing market in the emirate remains very promising, ranking 23rd with an index score of 0.14 — one of the lowest risk levels.
Dubai could grow steadily over the next 5-10 years. The latest increase in rental prices in some areas of the city by 25% indicates real demand. In addition to successful cases, there are a number of factors that influence confidence in the relatively high safety of investments.