Dubai market to maintain the world's fastest growth rate

Dubai luxury property market to maintain the world's fastest growth rate in H2 2023

– According to the research company, Core.

Prime property sales prices are expected to rise by 5%–10% in H2 2023. It will drive the capital values of the mid and affordable units.

The recently launched prime properties include:

• Bugatti Residences by Binghatti
• Como Residences
• Six Senses Residences the Palm

TOP 3 cities for capital value gains:

In H1 2023

1. Dubai
2. Mumbai
3. Cape Town

Forecast in H2 2023

1. Dubai
2. Singapore
3. Bangkok

9 real estate projects worth $1.1 billion were completed in Dubai in H1 2023

According to Dubai's Land Department (DLD), 392 real estate projects are currently developed.

A developer, Union Properties, announced a net profit of $4.8 million for H1 2023

– Compared to a net loss of $3.3 million in H2 2022.

The net profit for Q2 2023 rose to $1.47 million.