Dubai property prices will grow 13.5% in 2023 on the back of strong off-plan interest, say real estate experts. According to the 2023 Premium Prediction study from Knight Frank, Dubai’s prime residential prices are expected to experience the fastest growth internationally in 2023. Due to the growing interest in the market from high-net-worth people and overseas purchasers, prices are predicted to increase by 13.5% in the upcoming year.
Dubai Off-Plan Property Sales
Off-plan sales have had phenomenal growth, accounting for nearly 55% of overall sales volume in 2022 (up from 44% the previous year) and 56% of total sales value (up from 41% in 2021).
High-end real estate in Dubai is expected to continue this increase, as the market is expected to continue to be driven by burgeoning international demand.