Dubai Property Investments Jump 17% in First 9 Months 2023

2 min read

Residential property investment deals in Dubai saw a notable 17% increase in the first nine months of 2023, reaching 45,169 deals compared to 38,731 during the same period in the previous year. These deals witnessed a 25% rise in value during this time frame. Interestingly, the off-plan housing market in Dubai experienced a 33% surge in investment deals in the first three quarters of 2023, totaling 26,660 deals versus 20,035 deals in the same period of 2022. In terms of value, this segment also posted a substantial 43% increase in the first nine months of 2023 compared to the same period last year.

Realiste, a Dubai-based AI-driven proptech company, accurately predicted a 46% growth in Dubai’s residential property market at the beginning of 2023 based on its AI-based analysis. The company’s forecasts are claimed to be 96% accurate. According to Realiste, select areas in Dubai are expected to see significant price increases in the last quarter of 2023, with Sobha Hartland and Bluewaters Island projected to experience price increases of 17.6% and 17.3%, respectively.

The growth in Dubai’s housing property sector is attributed to the influx of investors and high net worth individuals (HNWIs) from around the world. Overseas investors are increasingly interested in owning property in Dubai, thanks to the strong real estate market and the city’s high return on investment (ROI) opportunities, particularly compared to more established markets in places like London and New York. Realiste operates in over 100 cities worldwide.

You May Also Like

More From Author