Dubai’s residential property investment surges in 2023

Dubai’s AI-based prop-tech Realiste quite hit the bull’s eye with its forecast of a 46% increase in the city’s residential property market at the turn of this year.

A recent market study has revealed a significant upswing in residential property investment deals in Dubai during the first 269 days of 2023. 

This surge amounts to a remarkable 17 percent increase, propelling the number of investment deals from 38,731 in the same period the previous year to 45,169 deals this year.

Substantial Growth in Investment Value

The growth isn’t just in quantity; it’s also evident in value terms. 

The study indicates that the total value of investments in residential properties in Dubai surged by a substantial 25 percent within the first 269 days of 2023. 

This financial expansion highlights a robust interest and confidence in the real estate market in Dubai.

This positive trend in residential property investment demonstrates the allure of Dubai’s real estate sector and its resilience in the face of economic challenges. It’s an encouraging sign for both investors and the local property market.