Dubai luxury property market to maintain fastest growth rate in H2
Post by Admin on Monday, Jul 31, 2023
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Demand for Dubai’s luxury properties will remain strong in the second half of 2023 and will be the fastest growing market among all the major cities around the world on the back of the continued inflow of millionaires, with the market facing a supply shortage of high-end units.
Following an 11.2 per cent increase in capital value during the January-June period, industry analysts project another up to 10 per cent increase in prices of high-end units during the second half, maintaining the fastest growth rate for the whole year.
Importantly, the luxury segment will continue to drive the capital value of the mid and affordable units as well.
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