Dubai's luxury property market is expected to set a new high in 2024

The real estate industry think tank Knight Frank, Dubai sits on a gold mine of profitable real estate investments. It is expected that real estate investors in Dubai will make a fortune in 2023. The report is set to kick off one of the biggest gold rushes globally to buy property in Dubai.

According to real estate consultant Knight Frank, Dubai topped a list of 25 of the world's finest luxury, or "prime," real estate markets, with prices anticipated to rise 13.5% by 2023. Miami was placed second, with a 5% increase in costs projected. Dublin, Lisbon, and Los Angeles were next, with 4% growth projected. According to Knight Frank's 2023 Prime Prediction study, Dubai's prime residential prices are expected to climb the most internationally in 2023. Prices are expected to grow 13.5% next year as more overseas buyers and high-net-worth people show an interest in the market.

According to recent property research, prime residential prices in Dubai, including Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island, are projected to enjoy the highest price rise internationally. Reach out to City Home Real Estate to make smart real estate investment decisions and make sure that you don’t miss out on this great opportunity.

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