Dubai Property Highest Price Expected to Jump in 2023
According to Dubai-based Realistes research report on AI-driven markets, the city’s real estate sector is expected to experience further growth in the upcoming April-June quarter. A significant increase in international investors raises expectations for high growth in the UAE economy. As per the report, this activity is the primary factor and the expected price increase is between 6.8% and 7.1%.
Wadi Al Safa 2 Part 1 and Jumeirah Golf Estate Part 4 (JBR) are among the city’s real estate areas expected to witness high investor activity during the second quarter. Near the city’s Al-Ain Road is the Al Yufrah area, which has been described as an upscale residential development. With top-notch amenities and lush green spaces, it is an excellent opportunity for current investors.
Consisting of a modern townhouse complex located on a vast beachfront, the project has emerged as a popular investment option according to industry insiders. Alex Galtsev, Realiste CEO, told Arabian Business (AB), “Our research shows significant growth prospects for housing projects in other Dubai neighborhoods.”
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