With the entry of 11.3 thousand new investors in a month

5,359 real estate investments were registered in Dubai with a value of 11 billion dirhams during May

The coming period is expected to witness an increased growth and recovery of the real estate sector in Dubai.

archival

The Dubai Land Department confirmed the continuity of the flow of real estate investments to the emirate during last May, explaining that the number of real estate investments amounted to 5,359 investments, with a value of more than 11 billion dirhams, while the number of new investors reached 11,387 investors, representing 66% of the total number of investors. Real estate registered from the beginning of this year until the end of May 2021.

number of actions

The data of the "Real Estate Science" bulletin issued by the department, yesterday, indicated that the number of registered real estate transactions, during last May, amounted to 6021 real estate transactions, achieving a significant growth of 197%, compared to the same month of 2020, and 35%, compared to May of last year. In 2019. According to the data, the value of real estate transactions amounted to 21.8 billion dirhams during May 2021, achieving a growth of 221%, compared to May 2020, where real estate sales represented 74% of the total number of real estate transactions during May 2021, achieving a growth of more than 214%. compared to May 2020.

real estate brokerage

The "Real Estate Science" bulletin showed that the value of real estate brokerage achieved by active real estate brokers in the real estate market in Dubai, amounted to 827 million dirhams from the beginning of this year until the end of May 2021, while the number of lease contracts registered during the same period reached 253,959 contracts, including 53% of new lease contracts, and 47% of renewed contracts, while the residential sale index achieved 1,071 points during May 2021, with a growth rate of 7.1% compared to the base year.

growing growth

The bulletin indicated that the coming period is expected to witness an increased growth and recovery of the real estate sector, with the approaching launch of the "Expo 2020" activities, which in turn will attract tourists and visitors from all over the world, and will constitute a great opportunity for the real estate sector to enhance its position both regionally and globally.

Top 5 regions in terms of sales value

Yesterday, the "Real Estate Science" bulletin issued by the Dubai Land Department showed the best five areas in terms of sales value for apartments and villas, explaining that in the villas category, "Sheikh Mohammed bin Rashid Gardens" topped those areas, during the month of May, followed by "Wadi" Al-Safa 5", then "Wadi Al-Safa 7", followed by "Al Thanya Fourth", then "Palm Jumeirah".

With regard to the category of apartments, the lead during May 2021 was as follows: "Dubai Marina", "Burj Khalifa", "Palm Jumeirah", "Business Bay", and "The Fifth Al Thaniya", respectively.

6,021 real estate transactions were made last May, with a growth rate of 197% compared to May 2020.

• New investors constitute 66% of the total registered investors since the beginning of 2021.

• Real estate sales accounted for 74% of the total transactions during May.

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