Dubai Real estate set for 46% growth in 2023
Dubai Real estate set for 46% growth in 2023, data show. This year,
According to Vartur Real estate data research, Dubai became one of the few beneficiaries of massive geopolitical crises across the globe. As Russian entrepreneurs, investors, and top-level professionals were seeking new homes.? More than 16 percent of Russian companies and entrepreneurs relocated to the UAE and Dubai, in particular, in the first half of the year. According to data prices in Dubai grew by 20-40 percent over the last 12 months. Some areas saw even a bigger upturn.
*Palm Jumeirah* grew by 59 percent, and Trade Center First by 210 percent.
As a result, there will be a further boost in demand for local property and the market in 2023 Districts with green areas known as Dubai Hills also saw massive growth. Dubai Hills, for instance, grew by 53 percent and approached Dh1,600,000 in average pricing.
领英推荐
Also, Palm Jumeirah is around Dh3.95 million, Vartur Real Estate data predicts that prices in the area will increase by 5 percent in 2023.
The housing market of Jumeirah Village Triangle grew by 62 percent in 2022, with average housing prices reaching Dh731,403. In 2023, the cost of property in this area is expected to increase by 29 percent.
Overall, Dubai’s Real estate market will see an upward trend in the following year.
Vartur Real Estate company based in Turkey. It was launched in Turkey and UAE The company develops a powered tool that enables investing in real estate in major capital cities, including Istanbul, Dubai, Fethiye, and Soon in London. Our system notifies the asset owners when it is the right time to buy or sell their properties.
Brokers: Fahed Aladdin , Do?an Nadi VARLI , Serif Nadi Varli
Author: Rodayna Mohamed