Dubai Became The New American Dream.
![](https://cloud.famproperties.com/fam/blog/645-141703.jpg)
Millionaire magnet
Huge influx of ultra-wealthy people as Dubai became a millionaire magnet.
Source: henleyglobal.com
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Spike in luxury property sales
85% Increase in the demand for luxury properties vs. 2021.
Source: DXBinteract.com
You might be interested to read about: “The Most Luxurious Projects in 2022.”
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Entrepreneur-friendly
Dubai is among the most entrepreneur-friendly cities.
Source: usnews.com
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#1 Destination
23M+Visitors
Dubai is the world's number one destination.
Source: tripadvisor.com & dubaitourism.gov.ae
Digital city
Dubai is among the top 20 cities on the Digital City Index.
Source: economist.com
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Global out-performer
The economy of Dubai is expected to be a global out-performer in 2023.
Source: emiratesnbd.com
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Fairly valued property
Property prices in Dubai are affordable as compared to other financial hubs such as New York and Singapore.
Source: UBS Global Real Estate Bubble Index 2022
![](https://cloud.famproperties.com/fam/blog/645-141706.jpg)
Property market transparency
DXBinteract.com shows all historical sales and rental property transactions in Dubai.
Source: Dubai Land Department
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2023 recession proof
GCC countries are most likely to weather the expected global recession in 2023.
Source: pwc.com
Spectacular property market
Property Sales Volume : 97K+Transactions
60% vs. 2021
Property Sales Value : AED 265B
76% vs. 2021
Source: DXBinteract.com
Read more about Dubai Property Market Highlights 2022
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Fast growing population
3.5M+ Population
Dubai's population grew by 2% in 2022, more than double the global average growth rate.
Source: worldometers.info & dsc.gov.ae