Real Estate | By: New Launch Properties on Date: 2022-12-16 14:12:38

Dubai real estate market growth has been robust and promising in the post-pandemic era.

The latest report by Knight Frank predicts Dubai to lead the way in 2023 with a 13.5 percent rise in its prime property prices, ahead of the likes of Miami (5 percent), Los Angeles (4 percent), and Paris (4 percent).

Over the years, Dubai has earned itself the reputation of being one of the world's safest, fastest-growing and investor-friendly cities. Hence, attracting not just expats to work and live but also astute real-estate investors looking for handsome returns.

Many factors make Dubai's property market so exciting, but here are some reasons why I feel Dubai will continue to be the best place to invest in 2023.

Low Taxes

Not many countries offer the same employment opportunities as the UAE without paying income tax. Expats worldwide have always been drawn to Dubai for its tax-free lifestyle. Dubai is an attractive workplace because it allows its residents to grow their wealth without paying high-income taxes.

Higher standards of living

The world's most luxurious cities include Dubai. From building the tallest tower to a bunch on luxury man-made islands, Dubai has it all. It has the reputation for glamour and lavish lifestyle unlike any other city in the world.

Safety & Healthcare

The UAE is considered to be one of the safest countries in the world. Its low crime rate and efficient healthcare system make it one of the region's best places to raise a family. The efficient handling of Covid was a classic example of the UAE's care & vision for its residents and visitors alike.

Excellent Infrastructure & Quality Of Life

UAE's world-class infrastructure and strategic location have helped Dubai to evolve into a significant commercial hub in the Middle East and worldwide. You'll find world-class infrastructure and urban planning; Dubai has an efficient metro network, excellent roads, water transport facilities & the world's busiest airport. Over the last few years, Dubai has evolved into an innovative and sustainable city that offers an excellent quality of life.

Competitive Returns

Dubai's property prices are also competitive compared to other major international hubs like London, New York, Hong Kong, Paris, and Singapore. Besides, Dubai offers superior property yields than popular cities such as London and New York, with a gross rental yield of 6-10% and an overall average return of 7.5%.

Economic Growth And Stability

Over the past few years, Dubai has become one of the world's most dynamic cities and has attracted investors from all over. Being one of the most diversified economies in the region, in 2021 & 2022, Dubai took the top spot for attracting foreign direct investment projects. Investors choose Dubai because of the economy's continued prospects of growth and stability

If you too, are considering to invest in Dubai’s lucrative real estate market, this is the best time to do so – there’s no time like the present! The prices have stabilised significantly post covid, and many good opportunities are available in the market. For more information, don't hesitate to get in touch with either myself or one of my experts; we'll help you find your dream home in Dubai!