“The $10 mn plus homes market in Dubai continues to strengthen, with 88 sales registered in Q1 alone. 2022 saw Dubai record 219 deals above this price point, positioning the city as the fourth busiest luxury homes ...
The project incorporates a range of amenities, including swimming pools and gyms.
Meanwhile, Ciel and Il Primo towers are expected to be completed with heights of 365.5 m and 356 m, respectively.
The average rent of residential apartments in the emirate jumps 28% YoY to AED 99.737 in February, according to a report by CBRE Group.
The GCC economies are forecast to achieve strong growth in 2023.
Dubai also ranks fifth among the most active cities, in terms of sales of real estate units, each value of which is $25 mn or more, through 26 deals.
Dubai is expected to attract a large share of the citizenship market through global investment, with this market expected to grow five-fold to $100 bn by 2025.
Egypt participates in the event as a guest of honor represented by a high-ranking delegation led by President Abdel Fattah El-Sisi.
Real estate experts, analysts, leading executives and industry stakeholders say that tourism, visa reforms and labour reforms will continue to drive investment in the UAE’s real estate sector.
Experts speculate that the market is expected to post a steady growth of up to 5% in 2023, down from 11% in 2022.
