Highest Price Jump in 2023 for Dubai Real Estate Expected

DUBAI: Dubai-based company, Realiste’s AI-driven market research report has projected that the real estate sector of the city will experience further growth in the upcoming April-June quarter.

This is due to a significant increase in international investors and expected high-clipped growth in UAE’s economy.

According to the report, JBR, Jumeirah Golf Estate Part 4, and Wadi Al Safa 2 Part 1 are among the city’s real estate areas that are anticipated to witness high investor activity during Q2, resulting in a projected price increase between 6.8 and 7.1 per cent.

The report has attributed the growth in the city’s real estate sector to a combination of favourable government policies, a high influx of international investors, and expected high-clipped growth in UAE’s economy during the current quarter.

The Al Yufrah neighbourhood, located near the AI-Ain Road in the city, has been described as a luxurious residential development equipped with top-notch amenities.

As per industry insiders, the project, which comprises modern townhouse complexes set amidst expansive beaches and lush green spaces, has emerged as a popular investment option among current investors.

“Our research also shows significant growth prospects for housing projects in few other Dubai neighbourhoods, though the growth in price rise in these areas in Q2 is expected to be at a relatively lower pace,” said Alex Galtsev, founder and CEO of Realiste, to Arabian Business.