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Dubai Real Estate 2023: Proptech Firm Identifies Top 3 Profitable Investment Locations

Realiste AI, an advanced algorithm employing self-learning capabilities for global real estate evaluation, has pinpointed the three most lucrative investment locations in Dubai for the year 2023. Leveraging local preferences and simulating potential buyers’ decision-making processes, the algorithm, developed by proptech firm Realiste, has identified Sobha Hartland, Dubai Harbour Part 1, and BUKADRA Part 2 as the premier areas for real estate investment in the thriving city.

Realiste’s proprietary AI platform analyzed over 200 metrics from reliable sources to determine investment attractiveness, categorizing factors into four groups with varying impact levels: very high, high, medium, and low. The findings showcase these three areas as the most profitable based on average annual price growth.

Sobha Hartland, boasting an impressive average annual price growth of 17.6%, is strategically located within a 15-minute drive to Burj Khalifa and the International Airport. The neighborhood features over 30% greenery, including three functioning parks, pools, gyms, and proximity to the lagoon, along with two top Dubai international schools.

Dubai Harbour Part 1, with an average annual price growth of 16.5%, is positioned within a five-minute drive to the Promenade, offering a variety of retail and dining destinations, Marina & Yacht Club, and Sheikh Zayed Road. This area provides a private beach with pristine sands and views of Palm Jumeirah, Ain Dubai, Cruise Terminal, Dubai Marina, and Dubai Harbour Boulevard.

BUKADRA Part 2, exhibiting an average annual price growth of 14.5%, is situated near the iconic areas of Downtown and Creek. Featuring a golf course and a private beach, this area is particularly attractive for investment, with the 1BR and 1.5BR apartments on the middle and upper floors offering panoramic views.

According to Alex Galt, founder of Realiste, Dubai will continue to attract foreign buyers looking to safeguard their assets amid geopolitical instability and energy crises. Anticipating increased demand for local property in 2023, Galt predicts a strengthened market position for Dubai.

The growth outlook for Dubai’s real estate market, as highlighted in the AI-derived data, aligns with observed market indicators, indicating consistent double-digit average annual price growth and project diversity. This convergence between AI analysis and market trends reinforces the belief that Dubai’s real estate sector is poised for further expansion and presents lucrative investment opportunities in the coming year.

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