Dubai’s real estate market continues to break records

According to reports from Betterhomes, in the second quarter of 2023, the largest buyers of real estate in Dubai were citizens of India, Great Britain and Russia. Buyers from Egypt, Turkey, Pakistan, Lebanon, Italy, France and local citizens also have leading positions.

Experts expect that about 4,500 millionaires will arrive in the country this year, which will allow the UAE to take second place in the world in terms of this indicator. Let us recall that last year more than 5,200 of the richest people on the planet moved to the country, which was the highest rate of such migration. Over the year, housing prices in Dubai rose by 16.9% (if counted from June 2022), which is also the highest value ever recorded.

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