Dubai real estate market prices to rise

Dubai real estate market prices to rise – the sector is expected to reach $82 billion in 2023

According to the report by developer, ZāZEN Properties, Dubai real estate market prices will surpass Miami and Paris by the end of the year. The rise in prices is linked to the increase in sales volume to 75%: from $40 billion in 2021 to $71 billion in 2022.

One of the most expensive penthouses in Dubai sold for $60 million

– Palm Jumeirah The penthouse is in AVA, consisted from only 17 ultra luxury residences. – Area – 3,104m² Features:

• 4 Floors, 5 Bedrooms
• 3-Storey Atrium with a Garden
• Infinity Pool and Terrace with 360° Views on the City
• Private Garage for 8 Cars
• Personal Panoramic Lift and 2 Internal Lifts to the Roof

UAE GDP is expected to grow by 4.2% in 2023, according to the Arab Monetary Fund (AMF)

The International Monetary Fund (IMF) projects the economy to grow at 3.5%, and the World Bank – at 3.3%. UAE GDP expanded at 7.6% in 2022.