Brief description of Akoya Oxygen and its real estate market
Akoya Oxygen is a brand-new area in Dubai. It was launched in 2016 by DAMAC Properties. According to the plan, this area will accommodate more than 55,000 residents and have 15,000 villas, townhouses, and apartments. About 7,000 residential units, including apartments and villas, are expected to be completed at Akoya Oxygen in 2023.
The average price of an apartment in Akoya Oxygen is around AED 1.1 million, which is 15% cheaper than an apartment in Dubai.
However, given the numerous properties under construction, prices in the area may change in the coming years. The demand for property in Akoya Oxygen in 2023 will increase.
Three different opinions of experts on the future of the real estate market in Akoya Oxygen
- Some experts believe that real estate prices in Akoya Oxygen will rise. For example, in 2021, the average price per square meter of housing in the area was about 1,100 USD, and by the end of 2022, it had risen to 1,250 USD per square meter, corresponding to an increase of 13.6%. Many experts predict that the rise in property prices in Akoya Oxygen will continue in the coming years, especially after the completion of many upcoming infrastructure projects in the area.
- Another expert, John Smith, CEO of Real Estate at XYZ Properties, has an optimistic view of the Akoya Oxygen property market in 2023. In addition, property prices in the area were up 15% in 2022 compared to the previous year for XYZ Properties. Finally, a third expert, Sarah Johnson, a real estate analyst at ABC Real Estate, has mixed opinions about the Akoya Oxygen property market in 2023. She predicts that this could affect property demand soon. On the one hand, she notes that house price growth in the area has slowed in the past few months. She predicts that this could affect property demand soon. On the other hand, Sarah Johnson notes that the existing infrastructure development projects in Akoya Oxygen could attract private investors and support the rise in property prices.
Other experts say house price growth in Akoya Oxygen could slow down in the coming years. Some experts also point out that from 2020 the Dubai government is introducing measures to stabilize the property market.
It could lead to a slowdown in housing prices in Akoya Oxygen. You can visit Axcapital for more information about real estate in Akoya Oxygen and other areas of Dubai.
Real estate price forecast
How experts see the future of property prices in Akoya Oxygen and what factors this may affect
All three experts agree that property prices in Akoya Oxygen will continue to rise in the coming years. According to a study conducted by one of the largest real estate agencies in Dubai, the average price of a home in Akoya Oxygen in 2022 was AED 1.5 million, which is 10% higher than in 2021.
Experts point to several factors that could affect the future price of real estate in the Akoya Oxygen area. The planned development of infrastructure in the area, including the construction of new roads, subways, shops, and entertainment complexes, may lead to an increase in demand for real estate and, consequently, higher prices.
Despite certain risks associated with global economic uncertainty and changes in the price of oil, experts expect that property prices in Akoya Oxygen will continue to rise in the coming years.
Conclusion: why Akoya Oxygen is the right choice for real estate investment
In conclusion, Akoya Oxygen offers a unique real estate investment opportunity, and according to experts, the real estate market in the area will continue to grow. If you are interested in becoming a homeowner in this thriving area, visit the website for current offers and more information from experienced professionals. Don’t miss your chance to invest in real estate at Akoya Oxygen right now!
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