BackDubai's real estate market has been defying global economic impacts and showing remarkable resilience, maintaining its momentum in 2023. The secondary market has experienced significant growth, primarily driven by increasing demand for apartments, which have seen an incredible 105.25% growth in transactions.
The rise in property values has made apartments a better value for money, leading to people being priced out of the villa market. Further, the increase in the supply of apartments, combined with less demand for villas, has resulted in a market shift. The surge in interest in prime and super-prime segments highlights the city's appeal as a global luxury real estate destination.
The market's resilience is indicated by a strong cash buyer presence, and the growing demand for rental properties in the city is an attractive opportunity for buyers to purchase a home while yields are high. Dubai's real estate market offers a stable environment for investors, with continued growth, increasing property values, and a thriving rental market.
For more insights into Dubai's real estate market, take a look at our latest report.
