“Dubai Real Estate Market Soars: Growth Driven by Celebrities and Massive Investments in 2023”

2023-05-23 14:33:56

The real estate market in Dubai continued its strong recovery, driven by the increasing pace of real estate investment and the influx of growing numbers of celebrities and wealthy people into the emirate, amid expectations that total real estate sales during 2023 will exceed the 300 billion dirhams barrier.

A report by Unique Properties, a real estate brokerage company in Dubai, indicated that the transfer of the rich and famous contributed to the increase in the number of millionaires in the emirate to more than 68,400, an increase of 62 percent.

He explained that Dubai has become a preferred destination for the world’s wealthy to settle. Since its success in dealing with the Corona pandemic, in addition to the qualitative advantages it enjoys, which include ultra-modern infrastructure, security and safety, and a distinguished geographical location.

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