Real estate companies in dubai

Prime Residential Market in Dubai Real Estate

Real estate companies in dubai

Over the coming years, the world’s top residential markets are anticipated to grow at some of the fastest rates. According to studies, prices will increase by an average of 2% in 2023 and almost 50% higher than in 2021. This comes after Dubai’s premium property prices increased by an astounding 89% between October 2021 and October 2022.

With growth rates of 4.5% and 3.0% anticipated for 2023 and 2024, respectively, the rate of price increases will slow down in the upcoming years. However, despite this slowdown, the market will stay steady and provide investors with a solid inflation hedge.

The fact that Dubai is regarded as one of the safest cities in the world to live in is one of the factors contributing to the prime residential market’s appeal to investors. In addition, the city also provides enticing benefits, including low tax rates and long-term visas, making it a desirable location for investors and tourists

During the FIFA World Cup in Qatar, the emirate also had a significant increase in visitors from the GCC, which helped to fuel demand for luxury real estate in Dubai. As a result, Powerhouse Real Estate predicts that over the next ten years, the number of high-net-worth individuals (HNWI) living in Dubai will increase, continuing the current trend.

Ready to learn more about investing in the world’s most desirable city to live, work, and play in? Whatsapp the Powerhouse Real Estate Team today:

https://wa.me/+97144087000