How was the property market in Dubai from 2023 till November?
In 2023, investing in residential property in Dubai promises significant returns. Dubai's attractive position as a global business hub, strategically located between East and West, draws investors globally. Its stable political environment and policies tailored to benefit investors add to its appeal for securing a sound financial future through property investment in locations like Palm Jumeirah and Palm Jebel Ali which is a man-made luxurious island having grand housing projects.
The Dubai real estate market has seen amazing growth which has become a trend that shows no signs of slowing. In the first half of 2023, the property market of Dubai saw more than 46% increase in sales income over the previous year, reaching around AED 93 billion. This surge is seen because of the continuous development of hi-rise buildings & houses, luxurious amenities, and iconic lavish apartment projects, making Dubai a prime market for investors.