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

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. 

For all the latest real estate tips and business news from the UAE, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel, which is updated daily.


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