Dubai real estate set for 46% growth in 2023, data show
“Dubai will remain attractive to foreign buyers who are seeking to shield their assets. It will strengthen its position as the geopolitical instability and energy crisis grow. As a result, there will be a further boost in demand for local property and the market in 2023,” Alex Galtsev, CEO of Realiste, told Khaleej Times.Realiste has conducted research based on data collected over 12 months between December 2021 and December 2022. Analytics includes the trends of Dubai’s real estate market: the areas of the city showing the most significant increase, the average cost of properties across the city, and the most high-priced or low-priced locations. The analysis is based on Realiste artificial intelligence technology and provides forecasts for the development of Dubai’s housing market in 2023.
According to Realiste data, average prices in Dubai vary from Dh425,000 in Wadi Al Safa 2 Part 1 to Dh12,042,618 in Al Safouh First Part 2. The most expensive districts of Dubai, according to Reallste’s AI was Trade Centre First, followed by Al Wasl Part 2.
Date: Aug, 17th 2023