After sales touched 28 billion dirhams
Realtors: January 2023 is the best start to a real estate year in Dubai
Real estate agents expect that 2023 will be a special year for the real estate sector in Dubai.
archival
picture
Real estate sales in Dubai during the month of January touched 28 billion dirhams, marking a strong start to a new year of real estate transactions, an increase of six billion dirhams, compared to the same month of 2021, which recorded sales of 22 billion dirhams.
Real estate agents confirmed that January 2023 recorded the best start to a real estate year in Dubai ever, expecting that 2023 will be a distinguished year for the real estate sector, based on the preliminary indicators for the month of January.
Excellence
Saleh Tabakh, an expert in managing investment portfolios, said that the real estate market in Dubai recorded in January 2023 the best start of a real estate year ever, with the emirate outperforming many major real estate markets around the world, amid strong expectations that Dubai will maintain sustainable demand by supporting renewable and supportive factors for market development. .
Tabakh stressed that Dubai still offers the best value for real estate investors, compared to major global cities, in addition to providing the emirate with a safe investment environment amid record growth in terms of sales and unprecedented real estate activity.
He expected Dubai to witness more strong sales during the current year for the luxury housing and villa categories, with the emergence of the emirate as one of the best financial centers for running a business in the world.
positive indicator
For his part, CEO of Elio Real Estate Company, Zahi Kashou, said that real estate sales in Dubai during January exceeded 28 billion dirhams, which is a positive indicator since the beginning of the year, and it is also an indication of the superiority of the real estate market in Dubai over its counterparts in the world.
He added that Dubai real estate was able to attract and attract a large number of investors, because they found the best stimulating investment environment with developed infrastructure, in addition to the existence of legislation that guarantees the rights of investors, indicating that this helps investors achieve their aspirations in the best place to live, work and invest alike.
Qashou stressed that it is not surprising that real estate sales in Dubai reached the record it achieved, as it was able to reach 26 billion dirhams in December 2022, expecting Dubai to continue breaking records.
momentum
In turn, the CEO of Standard Real Estate Management Company, Abdul Karim Al Mulla, expected the real estate sector in Dubai to achieve more momentum during the current year.
This is due to several reasons, including the availability of advanced infrastructure, as well as the security and safety enjoyed by Dubai and the UAE in general, as well as the legislation that helped increase the demand for the real estate sector, whether for investment or housing.
New highs
Imran Farouk, CEO of Samana, also expected that the first half of 2023 would witness real estate sales in Dubai achieving new records and reaching higher numbers than what they achieved last January, saying: “We are completely optimistic about the real estate sector in Dubai.”
He stressed that January 2023 is the best start to a real estate year in Dubai ever.
vacation homes
In the same context, Alaa Masoud, a real estate marketing consultant, said that the rate of renting vacation homes on a daily, weekly and monthly basis has become known worldwide, indicating that it is a good and strong investment, especially in Dubai, which has led to an increase in the demand for buying ready-made real estate, whose value exceeds two million. dirhams.
He added that the rate of return on real estate investment in Dubai is the highest in the world.
Masoud expected that 2023 would be a special year for the real estate sector in Dubai, after the strong start of sales that took place last January.
Top five selling regions
“Palm Jumeirah” topped the top five areas in Dubai in terms of sales value during last January, as it recorded 1.84 billion dirhams, followed by the “Al Hebeya Fifth” area with 1.78 billion dirhams, then the “Burj Khalifa” area with sales of 1.74 billion dirhams, and then The “Dubai Creek Harbor” area, with 1.54 billion dirhams, while “Business Bay” ranked fifth, with 1.51 billion dirhams.
Follow our latest local and sports news and the latest political and economic developments via Google news