51.4 thousand "actions" were registered, while attracting 31.6 thousand new investors
175 billion dirhams, the transactions of Dubai Real Estate in 2020
The registration of 51.4 thousand actions reveals the success of the government stimulus packages that enhanced the attractiveness of the real estate market.
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Sultan bin Mejren: “(Dubai Rest) helped maintain the market's momentum and keep communication channels open with all parties.”
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The Dubai real estate market showed a high level of flexibility and attractiveness among local and international investors throughout the year 2020, which represented 51,414 real estate transactions with a value of more than 175 billion dirhams, according to the report of total actions for the past year issued by the Dubai Land Department, achieving results Positive despite the global outbreak of the "Covid-19" pandemic, and the accompanying precautionary measures and measures, cast a direct shadow on various sectors, and their impact affected governmental and private institutions and individuals alike, including stopping various commercial activities and suspending air traffic for months. long.
The report revealed a growing performance of various activities, as the value of real estate sales amounted to about 72.5 billion dirhams, with 35 thousand and 423 transactions, while real estate mortgages recorded 12 thousand and 958 transactions, with a total value of more than 87.7 billion dirhams, at a time when grants were recorded 3033. In disposal, more than 15 billion dirhams.
With regard to new investments during the past year, the report indicated that the Emirate of Dubai attracted 31 thousand and 648 new investors who signed 41 thousand and 571 investments, with a total value of more than 73.2 billion dirhams.
Gulf investor
The Gulf investor category emerged for the same period, with 6704 investors pumping about 14.8 billion dirhams into the Dubai real estate market, after the number of their investments in the market reached 8659.
The citizens of the UAE came first, followed by Saudis, Kuwaitis, Omanis, and Bahrainis.
Arabs and foreigners
At the level of Arab investments for the year 2020, the number of Arab investors reached 4,388, all of whom registered 5,283 deals, with a total value of about 7.5 billion dirhams.
The Jordanians took the lead, followed closely by the Egyptians, the Lebanese, the Sudanese and the Algerians, while the Indians topped the list of foreign investments, then the Chinese, the British, Pakistanis and the French, respectively, as the Dubai real estate market attracted 19,757 foreign investors, who made 24,666 investments, the total value of which increased to more than 35.6 billion dirhams.
Women
The performance of women has maintained its pace, as they continued during the past year the historical rates of investment in real estate. Dubai Land statistics revealed that 10 thousand and 300 women pumped more than 15 billion dirhams into 11,723 investments.
Attraction and opportunities
The Director General of the Dubai Land Department, Sultan Butti bin Mejren, said, "The previous data confirm the strength of the investment environment of the emirate, and its adaptation to various circumstances under the directives of the wise leadership aimed at strengthening the capabilities of the real estate sector in Dubai."
He added, "The disclosure of the results of the actions of the past year comes in harmony based on our transparent approach to informing all concerned parties in the market, especially the investors of all categories, to help them develop their investment plans and take advantage of the favorable investment climate in the emirate."
Bin Mejren affirmed: “We believe with certainty that the registration of 51,414 actions during the past year reveals the success of the government incentive packages that enhanced the attractiveness of the real estate market and provided many opportunities for investors on the one hand, and for developers who were keen to continue construction operations and deliver projects at the specified times. On the other hand".
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Bin Mejren continued: “There is no doubt that we and the world faced some challenges during the past year, but we were able to face them with the directives of the wise leadership that focused first on community safety and the preservation of the health of individuals,” indicating that “from this standpoint the role of the smart (Dubai Rest) application has emerged, In addition to the department's website, where it helped maintain the market's momentum by keeping communication channels open with all parties, and continuing to provide all services as quickly and easily as possible.
He said, “These numbers give reassurance and confidence in the real estate sector of the Emirate of Dubai, and we expect that the harvest of this year will be abundant after the launch of the national vaccination program, and the start of the countdown to the launch of Expo 2020 Dubai, the event that the whole world awaits, so that Dubai will reveal more Its capabilities in front of its visitors ».
The highest areas
Dubai Marina came first on the list of the top 10 areas in terms of the number of real estate transactions in Dubai, followed by: “Al Barsha South Fourth”, “Business Bay”, “Burj Khalifa”, “Sheikh Mohammed bin Rashid Gardens”, and “Al Thanyah Fifth” "Al Merkad", "Al Yalayas 2", "Al Habiya Al Fourth", and "Wadi Al Safa 5" in 10th place.
In the list of the top 10 areas in terms of value of disposals, "Jebel Ali First" took the lead, while the other nine centers went to "Dubai Marina", "Mercad", "Palm Jumeirah", "Sheikh Mohammed bin Rashid Gardens", and "Tower Khalifa, "Business Bay," "Al Barsha South Fourth," "Al Thanyah Fourth," and the 10th was for "Al Yalayis 2".
"Sheikh Mohammed bin Rashid Gardens" topped the list of the top 10 areas in terms of the number of mortgages, and the remaining nine ranks were divided into: "Al Yalayis 2", "Dubai Marina", "Al Barsha South Fourth", "Jebel Ali First", "Burj Khalifa" “Al-Thanyah Al-Khamis”, “Al-Thanyah Al-Awal”, “Nad Al-Sheba Three”, “Al-Thanyah Al-Fourth”.
In the ranking of the top 10 regions in terms of mortgage value, "Jebel Ali First" emerged first, and "Palm Jumeirah" came in second place, then: "Al Merkad", "Al Yalayas 2", "Nad Hessa", "Sheikh Mohammed Bin Rashid Gardens", «Business Bay», «Dubai Marina», «Barsha South Fourth», «Saih Dahl».
The top 10
By comparing the performance of all investors according to their nationalities, Indians were the most popular in Dubai real estate, and they came first on the list, followed by UAE citizens, while the eight places on the list of the top 10 were for: China, Saudi Arabia, Britain, Pakistan, France, Russia, Jordan , Egypt.
10.3
Thousands of women pumped 15 billion dirhams into 11.7 thousand investments.
Dubai real estate maintains its attractiveness among local and foreign investors.
New investors poured 73.2 billion dirhams into the emirate's real estate.
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