In the second highest behavior in the emirate since February 2017
6,590 real estate transactions registered in Dubai, amounting to 22.9 billion dirhams, during March
The real estate sector in Dubai is still attractive to new investors.
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Last March recorded the second highest number of real estate transactions in Dubai since February 2017, with 6,590 real estate transactions, with a total value of about 22.9 billion dirhams, thus real estate transactions achieved a growth in number to 43%, compared to March 2020, and a growth in value By 40%, according to the bulletin of "Real Estate Sciences" issued by the Dubai Land Department yesterday.
The bulletin stated that with these figures, the first quarter of this year achieved a growth in the number of real estate transactions, compared to its counterparts in the years 2020 and 2019, with rates reaching 27% and 47%, respectively.
The bulletin showed the continued attractiveness of the real estate sector to new investors, as their number from the beginning of 2021 until the end of March reached 5683 investors, representing 64% of the total number of registered real estate investors during the same period.
The bulletin also stated that the real estate brokerage value achieved by real estate brokers in the real estate market reached 392 million dirhams from the beginning of the year until the end of March 2021, while the number of lease contracts registered during the same period reached 143 thousand and 374 contracts, 57% of which were new lease contracts And 43% of renewed contracts.
The bulletin sheds light on the five best areas in terms of the value of sales for apartments and villas. In the villas category, the Sheikh Mohammed bin Rashid Gardens area topped during the first quarter of 2021, followed by “Wadi Al Safa 5”, then “Wadi Al Safa 7”, then “Nad The first Sheba, and after it, the fourth.
With regard to the apartment category, the forefront came in the first quarter of 2021 as follows: “Dubai Marina”, “Palm Jumeirah”, “Business Bay”, “Burj Khalifa”, and the merchandise area respectively.
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