BackThe real estate market in Dubai has had a successful year, breaking records in transaction volume, total transaction value, and highest valued transactions. In our latest report, we take a closer look at the market performance of Dubai's real estate in the past year and also examine what the future holds as we enter 2023.
One of the main factors contributing to the success of the Dubai real estate market is the increasing number of people choosing to make it their residence. The city offers a world-class lifestyle with amenities and attractions that are truly world-class. Additionally, recent visa reforms by the government have made it easier for people to live, work, and set up a business in Dubai, further driving demand for property. The city is also seen as quite stable, with a diversified economy and a robust real estate market, making it an attractive destination for investors.
The prime and super prime markets in particular saw significant success in the past year, with high-end properties in sought-after locations selling at record prices. This is a trend that is expected to continue as more and more people are attracted to the luxury lifestyle that Dubai has to offer. Despite ongoing conflicts and crises around the world and their impact on the global economy, the Dubai real estate market has proven to be resilient and is expected to continue to perform well. The government's continued support for the real estate sector and its focus on attracting foreign investment will further fuel the market's growth.
To know more about the Dubai real estate market performance, we invite you to read the report.
