With its stunning architecture, world-class amenities, and tax-friendly policies, Dubai has become an attractive destination for high-net-worth individuals and investors from around the world and has emerged as one of the most prominent players in the global luxury property market.
Explosive Growth
The latest data from DXB Interact’s January Dubai Real Estate Market Overview confirms this trend, revealing that sales volumes in the luxury property market were up 70% while villa prices in January 2023 were up 34.9% compared to the previous year.
Investment Opportunity
According to Angelos Kazantzas, managing partner at Paragon Properties, Dubai’s luxury property market is particularly attractive to overseas investors because of its high potential for growth and strong rental yields.
“Dubai’s luxury property market offers a unique blend of stability and growth, making it an ideal destination for investors looking to diversify their portfolios,” he said.
“The city’s rental yields are among the highest in the world, and with the continued development of new projects, we expect this trend to continue.”
Real Estate Agent Jobs
Kazantzas also noted that the growth of the luxury property market in Dubai is creating new opportunities for real estate professionals, particularly expats.
“Dubai is home to some of the most exciting and innovative real estate projects in the world, and as a result, there is a growing demand for talented professionals with experience in the luxury property market,” he said.
“We expect to see continued growth in this sector, which will create a range of exciting career opportunities for expats looking to work in Dubai.”
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