Prime Residential Real Estate Market in Dubai is Expected to See Growth in 2023

The Dubai real estate market is becoming attractive for investors and tourists. Especially after the long-term visa announcement and low tax rate.

According to reports, Dubai’s key residential areas are expected to see an average of 2% growth in 2023, says real estate agency Unique properties.

In a statement, they said prices are likely to increase the year by around 50% higher than in 2021. In addition, it is noted that the real estate market in Dubai witnessed an 89% rise in prices between October 2021-22.

It is expected that prices will continue to grow in the City in the upcoming years. However, the percentage increase would be relatively at an average pace. The market will remain stable, but investors might see an inflation hedge.

As Dubai maintains the advantage of being one of the safest places in the world to live. It has become attractive for investors and tourists to invest in the City.

In addition, due to FIFA Qatar, World Cup UAE witnessed a high footfall of tourists as well as investors in the region.

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