Who exactly is inflating dubai apartment pricing ?

I stay in JVC and I have an apartment and a villa townhouse here in JVC and I was looking to buy a new apartment for rental ROI recently this week!

But cannot believe with all the pricing and stuff. 2 months back, 2 bedroom ready to move binghati apartments in JVC were 1.2M and now the same ones they are asking 1.4 and 1.5M.

What exactly changed in 2-3 months ?

Howcome the pricing of real estate is going up exponentially up while salaries and income of people isnt going up ?

This is crazy!

2 bedroom apartments for 1.5M and 4 bedroom townhouse in damac is still 1.9M where you own the land and whole house too, haha!