Dubai real estate set for 46% growth

Dubai real estate set for 46% growth

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  • Dubai real estate set for 46% growth in 2023

Dubai real estate set for 46% growth in 2023 аccording to experts.

Property prices in Dubai grew by 20-40% over the last 12 months. Areas with the highest annual capital gains:

  • Trade Centre 1 – 210%
  • Palm Jumeirah – 59%

Sales at the Burj Khalifa skyscraper grew by 16% from 2021 to 2022.

According to the consulting group, Knight Frank, 94 apartments were sold in the tower in 2022, valued at $130 million. It's 3% of all home sales in Dubai's Downtown district. On January 4, 2023, the tallest building in the world turned 13 years old.

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