Dhaka’s Residential Real Estate Thrives: Mirpur, Uttara, and Dhanmondi Maintain Peak Housing Demand in 20232 min read
As the curtains fall on 2023, Bproperty proudly reflects on a year marked by significant achievements and profound impact in the dynamic realm of real estate. Positioned as a pioneer in redefining the real estate experience, Bproperty played a pivotal role in assisting over 65,000 individuals in their quest for dream homes and optimal business locations, according to a press release.
The pulse of Dhaka’s real estate market was strongly felt, with Mirpur, Uttara, Bashundhara R-A, Dhanmondi, and Mohammadpur emerging as the most coveted neighborhoods. Mirpur took the lead with an impressive 26.68%, followed by Uttara at 12.00%, Bashundhara R-A at 8.36%, Dhanmondi at 7.48%, and Mohammadpur at 6.24%, the press release added.
These figures underline the specific preferences that dominated the market throughout the year.
A highlight of the year was Bproperty’s success in facilitating the establishment of 119 brands by providing strategically located spaces, creating a solid foundation for their business success. Bproperty’s commitment to fostering thriving communities and contributing to the economic landscape has remained unwavering.
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Director of Sales and Business Operations at Bproperty, Monir Ahmed Khan, acknowledged the challenges faced by the Bangladesh real estate market in 2023, particularly the notable increase in construction material prices. Despite this hurdle, the sector showcased resilience and sustained growth, fueled by urbanization, government initiatives, and a burgeoning middle class.
Khan pointed out that the surge in construction material costs has presented challenges for developers and prospective homeowners. However, he also sees a silver lining for savvy buyers. Secondhand properties now offer a compelling opportunity, with relatively lower prices compared to primary properties. This shift provides an alternative for those navigating the current market dynamics, whether they are looking to invest or secure a home.
The figures speak volumes, with Bproperty serving an impressive total of 1,506,785 square feet of property in 2023, underscoring the scale of their impact and the trust placed in them by those seeking real estate solutions, said the press release.
As Bproperty looks ahead to 2024, its commitment to innovation, excellence, and community remains steadfast. The company extends gratitude to clients, partners, and the entire Bproperty team for their unwavering support, which has been instrumental in their success.
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