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The Dubai Marina.

PHOTO BY ARCHIVE


Dubai property prices to increase in 2023

The prices of property in Dubai are expected to increase by 13.5 percent this year, real estate experts forecast.

Prime residential properties in Dubai are expected to spike in 2023 due to growing interest from overseas buyers and high net-worth people, according to the 2023 Premium Prediction study from global real estate consultants Knight Frank.

Prices of high-end real estate in Dubai is also expected to continue to increase due to rising international demand.

There is big interest on apartments, with the Dubai Land Department recording a 74 percent increase in sales starting November 2021. ICA/Expat Media


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