Unique Properties cites optimism for UAE’s real estate market in 2023

Unique Properties cites optimism for UAE’s real estate market in 2023

- Prime residential prices in Dubai are set to rise by 2% on average in 2023

- The UAE is projected to lead the world with 40% HNWI growth over the next decade

Dubai, UAE: Unique Properties, one of Dubai’s leading real estate agencies, predicts that Dubai’s prime residential market is set to experience the world’s strongest growth in 2023. High-end properties in the cosmopolitan city will remain in strong demand and prices are likely to end the year around 50% higher than in 2021.

Dubai’s prime residential market has been a global outlier with record price growth this year. It is poised to continue on this trajectory into the new year with the UAE’s proven stature as one of the safest places in the world to live. Down from the 2.7% growth rate that was predicted halfway through 2022, the emirate’s prime real estate sector is still projected to rise by 2% on average in 2023, and aggregate growth for next year is expected to be higher than what has been recorded in six of the past 10 years.

Despite global instability, rising inflation rates, and chatter of a looming recession, the upward momentum of Dubai real estate is supported by appealing incentives