Dubai Land records 25.44 thousand "disposals" at 92 billion dirhams

8749 new real estate investors enter the Dubai market within 4 months

The real estate sector in Dubai has maintained a steady pace of growth since the beginning of 2021

The Dubai Land Department revealed that the real estate sector in the Emirate of Dubai has maintained an escalating pace of growth since the beginning of this year, which confirms the flexibility and attractiveness of the sector, which reflects the positive impact of the decisions and directives of the leadership in the past period, which in turn contributed to enhancing the confidence of investors and dealers in The sector, and supporting its keeping pace with the new normal, in a way that consolidates the global position of the emirate as the best real estate investment destination.

According to the figures and data issued by the «Dubai Land», the number of real estate transactions that have been registered in the emirate from the beginning of 2021 until the end of last April reached 25 thousand and 445 real estate transactions, with a value of 92 billion dirhams, while the number of new investors since the beginning of 2021 until the end Last April, 8749 new investors.

Real estate behavior

In detail, the figures and data of the “Real Estate Science” bulletin issued by the Dubai Land Department showed the durability of the real estate sector and its ability to adapt to various circumstances and developments;

As the number of real estate transactions that were registered in the emirate from the beginning of 2021 until the end of last April reached 25 thousand and 445 real estate transactions, with a total value of 92 billion dirhams, thus achieving an increase of 51% in terms of the number of transactions, and 72% in terms of their value, compared to In the same period in the year 2020. “Dubai Land” confirmed that the coming period is expected to witness an increased growth and a greater recovery of the real estate sector, following the permission of the Supreme Committee for Crisis and Disaster Management in Dubai to submit electronic permit applications for business events of all kinds, and the launch of Expo activities nearing 2020 Dubai », which in turn will attract tourists and visitors from different parts of the world, and will be a great opportunity for the real estate sector to strengthen its position regionally and globally alike.

New investors

The bulletin revealed that the real estate sector in the emirate continues to attract more real estate investors, thanks to the sector's strong infrastructure and attractive investment opportunities, as the number of new investors since the beginning of 2021 until the end of last April (8749 new investors), representing a percentage of ( 65%) of the total number of registered real estate investors in that period, with a growth of 54% compared to the same period in 2020.

Growth of investments

The bulletin also indicated that the total value of real estate investments during the aforementioned period reached 36 billion dirhams, achieving an increase of 44% compared to the same period in 2020, which confirms the continuity of the flow of real estate investments since the beginning of the year, at a high rate, and also enhances the confidence of local and international investors. Both.

The number of registered contracts since the beginning of 2021 until the end of last April reached 187,949 contracts, at a time when new lease contracts accounted for (58%) of them, while renewed contracts represent (42%) of the total contracts registered during the aforementioned period.

The best areas

The “Real Estate Sciences” bulletin issued by the Dubai Land Department shed light on the five best areas in terms of the value of sales for apartments and villas. “Sheikh Mohammed bin Rashid Gardens” came to the fore in the villas category, during April 2021, followed by areas: “Palm Jumeirah "Wadi Al-Safa 5", "Wadi Al-Safa 7", and "Al-Yalayas 2".

With regard to the apartment category, the lead came in April 2021 as follows: “Dubai Marina”, “Burj Khalifa”, “Palm Jumeirah”, “Business Bay” and “Al Thanyah V”, respectively.

• 36 billion dirhams, the value of real estate investments since the beginning of 2021.

Follow our latest local and sports news, and the latest political and economic developments via Google news