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THE MILLENNIUM GROUP OF COMPANIES

THE MILLENNIUM GROUP OF COMPANIES

Expected Real Estate Price Increase in Dubai to Be Highest Ever in 2023

Dubai is a famous destination for tourists especially after covid. Many people relocate to Dubai for job purposes and many want to live a good life. Because of the rapid growth in population the prices of real estate will be increased according to the experts. In this news we tell you about the Expected Real Estate Price Increase in Dubai to Be Highest Ever in 2023.

Expected Real Estate Price Increase in Dubai to Be Highest Ever in 2023

According to the Dubai-based company, Realiste’s Al-driven market research report, the city’s real estate sector will exercise further growth in the upcoming April-June quarter.

This is because the number of foreign investors and expectations for rapid economic expansion in the UAE has increased dramatically.        

According to the report, JBR, Ju, Sarah Golf Estate Part 4, and Wadi Al Safa 2 Part 1 are among the city’s real estate areas anticipated to attract high investor activity during Q2. Consequently, we anticipate a price increase of 6.8-7.1%.

According to the research, a combination of supportive government policies, a flood of international investors, and the expectation of rapid economic expansion in the United Arab Emirates this quarter has led to a boom in the city’s real estate market.

The Al Yufrah neighborhood, located near the Al-Ain Road in the city, has been described as a luxurious residential development with top-notch amenities.

According to those in the know, investors are showing much interest in the project, consisting of modern townhouse complexes scattered across vast stretches of coastline and verdant greenery.

Alex Galtsev, founder and CEO of Realiste, told Arabian Business that his firm’s data indicates significant growth prospects for housing projects in few other Dubai neighborhoods, even though price increases are forecast to occur at a relatively slower pace in the second quarter.

You may also like this post: There has been a rise in property prices in Mumbai.

Manahil Tariq
Manahil Tariq

Manahil Tariq, A content writer and copywriter with over 2 years of experience. Throughout her career, she worked with a diverse group of clients from around the world. She also works with real estate firms and marketing agencies. Writing is where her skills and expertise really shine.

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