Visa reforms, including the introduction of the Golden Visa, boost the real estate market in Dubai in 2022, Invest-Gate reports.

The market records 20,539 transactions with a value of AED 55.5 bn in the first quarter of 2022.

The price of luxury properties in Dubai surges 89% YoY in the third quarter of 2022.

Luxury properties in the emirate are expected to grow 13.2% in 2023, a report by Knight Frank shows.

Expo 2020 energizes Dubai’s real estate market, and the transformation of the mega event’s site into the Expo City helps attract buyers, tenants, and entrepreneurs who contribute to the market’s success.

Furthermore, the introduction of the Golden Visa attracts High-Net Wealth Investors (HNWIs) to the market, pushing up property sales.

According to data released by proptech company Realiste, the Dubaian real estate market is set to grow by 46% YoY in 2023.