Cash-Based Purchases forecast another bumper run in 2023 for the Dubai Real Estate Market.

Record-breaking transactions have ended a buoyant 2022 and are overlooking a flourishing 2023 in Dubai’s real Estate Market. The sharp recovery after the pandemic shows a promising future for Dubai’s economy. This has led significant investors to contribute to amazing deals in the city. 

Cash-based deals underscore the change in demographics that is seen between buyers and tenants. A significant percentage of HNWI or High-Net-Worth Individuals now look forward to calling Dubai their home. As they invest in residential properties. The villa community has exceptionally seen a rise in cash buyers, accounting for almost 40 percent.

Finance buyers and dealers who look into the properties as a mode of investment have mortgages on quite a few properties, predicting a price hike. 2023 is forecasted to be an interesting year, considering the FIFA World Cup 2022 held in Qatar. The Golden visa has contributed quite a bit in attracting a mass population to Dubai and boosting the economy. 

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