2023 Dubai Real Estate Forecast – What to Expect
The Real Estate sector in Dubai is booming, and 2023 is set to be another big year.
The Real Estate sector in Dubai is booming, and 2023 is set to be another big year.
If you’re thinking of investing in Dubai’s real estate market, now is the time to do it!
High-net-worth investors continue to favor Arabian Ranches, Dubai Hills Estate, Downtown Dubai, and Dubai Marina as their preferred neighborhoods.
Infrastructure for Expo 2020 and the Golden Visa, according to the real estate services company, will propel growth even further in the second half of the year.
Amira Sajwani, general manager of sales and development at Damac Group, predicts that a rise in foreign investment will result from the new law encouraging property investment funds.
In terms of volume and value of real estate sales, May 2022 in Dubai saw a total of 6,651 transactions worth AED 18.3 billion (USD 4.98 billion), making it the best May in 13 years.
In May 2022, Dubai’s property sector recorded a total of 6,651 transactions worth AED 18.3 billion (USD 4.98 billion), making it the best May in 13 years in terms of real estate sales volume and value.
The Bulgari Resort and Residences transaction shows that the luxury segment of Dubai’s real estate market is outperforming all others, with prices continuing to rise.
The move will change the future of real estate and make it easier for investors all over the world.
According to Zoom Property Insights, the market is seeing a surge in Russian and Ukrainian buyers.