"Top3 places for investments in Dubai real estate market in2023"

Projection from the company Proptech, using artificial intelligence, reveals the factors underlying their top rankings.

Sobha Hartland

Noticed an average annual price increase of 17.6%. The Realiste AI algorithm is an advanced algorithm that uses self-learning capabilities to assess the investment attractiveness of real estate around the world. It takes into account local preferences by simulating the decision-making process of potential buyers in specific locations. According to its prediction, Sobha Hartland, Dubai Harbour Part 1 and Bu Kadra Part 2 are the top three locations for real estate investment in Dubai. The predictions made by Realiste were based on their proprietary artificial intelligence platform. According to the study, these areas were found to be the most profitable in terms of average annual price growth.

"To determine a score, our algorithm analyzes over 200 metrics from various reliable sources. These metrics have different influences on the score. All factors can be categorized into 4 groups with very high, high, medium and low influence," said a Realiste spokesperson. The main factors of each of them are shown in the picture.

SOBHA HARTLAND:

This neighborhood has seen an average annual price increase of 17.6%. It is a 15-minute drive from Burj Khalifa and the International Airport. The development includes over 30% greenery (3 functioning parks), swimming pools and gyms.

DUBAI HARBOUR Part 1:

Here the average annual price increase was 16.5%. It is a five minute drive from the Promenade, with a wide range of stores and restaurants, the Marina and Yacht Club and Sheikh Zayed. There is a private beach with clean sand and the shimmering waters of the Arabian Gulf, and offers stunning views of Palm Jumeirah, Ain Dubai, the Cruise Terminal, Dubai Marina and Dubai Harbour Boulevard.

BUKADRA Part 2:

The average annual price growth in this neighborhood was 14.5%. It is close to two significant areas of Dubai: Downtown and Creek. The neighborhood has a golf course and a private beach. The best investment product in the complex are one and one and a half bedroom apartments on the middle and upper floors with panoramic views.

Alex Galt, founder of Realiste, said: "Dubai will remain attractive to foreign buyers looking to protect their assets. It will strengthen its position as geopolitical instability and the energy crisis increase. As a result, demand for local real estate and the market will further increase in 2023."

Overall, the Dubai real estate market growth forecast provided by the data is in line with the results of the artificial intelligence analysis. The continuous double-digit average annual price growth and the diversity of projects emphasize the potential attractiveness for investors, which is in line with the artificial intelligence's assessment of market trends. This overlap between AI-derived data and observed market indicators further confirms that Dubai's real estate sector is poised for further expansion and investment opportunities.