Dubai’s tourism to welcome estimated 18mln tourists in 2023 and bolster the UAE’s sustainable real estate sector

Dubai’s tourism to welcome estimated 18mln tourists in 2023 and bolster the UAE’s sustainable real estate sector

Off-plan deals complement Dubai’s real estate market growth, accounting for 49% of the total sales transaction volume

ZāZEN Properties’ second project ZāZEN Gardens has officially sold out and the handover is scheduled for April 2024

Dubai, UAE: After welcoming 14.36 million visitors in 2022, a 97% Year-over-Year (Y0Y) growth when compared to 7.28 million tourist arrivals in 2021, the UAE has maintained this red-hot momentum to kick off 2023. Dubai alone welcomed six million tourists in the first four months of this year and is now on pace to attract almost as many visitors as it did in the previous two years through the rest of 2023. ZāZEN Properties, a leading sustainable property developer in the UAE, explains how this tourism influx will enhance the country’s sustainable residential real estate sector.

Tourists have begun visiting the UAE at an increased rate and the emirate has grasped the attention of many of these passersby while incentivizing both investment and migration. Coupled with geo-political stability, sustainability, world-class infrastructure, and an opportunity-rich environment, the city is ensuring the long-term trust of international investors, businesses, and entrepreneurs.

The off-plan market in particular has been a high selling point for global investors, largely due to its affordability; it has