{"id":6430,"date":"2023-01-26T20:07:05","date_gmt":"2023-01-26T16:07:05","guid":{"rendered":"http:\/\/gccexchange.com\/blog\/?p=6430"},"modified":"2023-01-26T20:09:42","modified_gmt":"2023-01-26T16:09:42","slug":"reasons-to-invest-in-real-estate-in-dubai-in-2023","status":"publish","type":"post","link":"https:\/\/gccexchange.com\/blog\/reasons-to-invest-in-real-estate-in-dubai-in-2023\/","title":{"rendered":"Reasons to invest in Real Estate in Dubai in 2023"},"content":{"rendered":"\n

Property in Dubai <\/strong><\/h2>\n\n\n\n

Over the past 70 years, the population of Dubai has increased 165 times: if in 1950 only 20,000 people lived in the emirate, then in 2023 it will already be 3.6 million. At the same time, more than 80% of the inhabitants are not Arabs at all, but foreigners. According to forecasts, by 2040, about 6 million people will live in Dubai. Therefore, the construction of new districts, the development of infrastructure and the expansion of business opportunities will continue here for many more years. Flats in Palm Jumeirah for foreigners<\/a> can become a great investment opportunity.<\/p>\n\n\n\n

\"Real<\/figure>\n\n\n\n

Real estate in Dubai leads in luxury property price growth predictions in 2023 <\/strong><\/h2>\n\n\n\n

Analysts agree that the cost of\nluxury real estate in Dubai will show growth of 13.5% in the coming year. This\nis due to a markedly growing interest from foreign buyers. This news was\nreported by Bloomberg on November 29, 2022, referring to Knight Frank.<\/p>\n\n\n\n

Knight Frank LLP is a real\nestate, residential and commercial real estate consultancy founded in London by\nJohn Knight, Howard Frank and William Rutley in 1896.<\/p>\n\n\n\n

According to the Knight Frank\n(KF) ranking on the rise in prices for luxury housing in 2023, Dubai occupies\nthe leading position. Miami is in second place. The KF study includes 25\ncities, and shows that London and Seoul are in the last places of the mentioned\nrating. It is expected that prices in metropolitan areas will fall by 3%. New\nYork is in the middle of the list with a 2 percent increase.<\/p>\n\n\n\n

According to Knight Frank, the\ncost of luxury housing will increase by an average of 2% in the 25 largest\ncities around the world, compared to 5.2% in 2022. A KF spokesperson pointed\nout that homeowners are struggling with the unpredictability of skyrocketing\ninflation, debt costs and tax increases, but the situation continues to change\nin most cities around the world.<\/p>\n\n\n\n

The Knight Frank Research Center\nconducted a survey among people representing the wealthy class of the\npopulation on the topic of their preferred place to buy luxury housing. Despite\nthe ratings, many rich people named London and New York, although there are\nsigns of modest growth. Moreover, 9 out of 10 Chinese buyers said they plan to\nbuy property next year, when, as in 2022, only half of the British and American\ninvestors surveyed were thinking about the topic.<\/p>\n\n\n\n

Azizi Riviera, copy of the French Riviera in the Persian Gulf <\/strong><\/h2>\n\n\n\n

Azizi Riviera is a large-scale\nproject on the waterfront of the Dubai Canal. Located in the MBR City area.<\/p>\n\n\n\n

This is a young area of Dubai,\nwhich will soon become the second center of the city. It is located a ten\nminute drive from the Burj Khalifa and Downtown Dubai. There are 2 km\u00b2 of green\npark areas, the Crystal Lagoon promenade and golf courses. The highlight of the\narea will be an entertainment center for the whole family, created in\ncollaboration with Universal Studios.<\/p>\n\n\n\n

The Azizi Riviera complex has\neverything you can imagine: a shopping and entertainment center, a sports area,\na square with “dancing fountains”, a marina, gardens and schools.<\/p>\n\n\n\n

The developer has thought of\nevery little detail for the recreation of residents. They swim in the large\npool, play chess, watch movies at the cinema, and walk along the 4-kilometer\npromenade.<\/p>\n\n\n\n

Also in the project are:<\/p>\n\n\n\n