DUBAI PRIME RESIDENTIAL MARKET SET FOR WORLD’S STRONGEST GROWTH IN 2023
According to latest reports, the prime residential market in Dubai will post strong double-digit price growth and lead global markets in 2023.
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The price in prime residential areas, which encompasses the neighbourhoods of Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, is to experience a 13.5% increase, the strongest price growth globally as cities like Paris, New York and Singapore will only be able to achieve single-digit growth.
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The global property consultancy, in its Dubai edition, said luxury properties in the emirate will remain in demand and prices are likely to end the year around 50% higher than in 2021.