Dubai Records $25bn Realty Deals in Jan-April
<span style="font-weight: 400;">Dubai has registered 25,455 real estate transactions worth AED92 billion ($25.04 billion) from January to April, thus achieving an increase of 51 per cent in terms of the number of transactions and 72 per cent in terms of their value compared to the same period in 202
Published -
May 26, 2021 4:05 AM
Dubai has registered 25,455 real estate transactions worth AED92 billion ($25.04 billion) from January to April, thus achieving an increase of 51 per cent in terms of the number of transactions and 72 per cent in terms of their value compared to the same period in 2020. According to the real estate bulletin issued by Dubai Land Department (DLD), the emirate's real estate sector showed robustness and an ability to adapt to various circumstances and developments. The bulletin revealed that the real estate sector in the emirate will continue to attract more real estate investors, thanks to its strong infrastructure and attractive investment opportunities. A total of 8,749 new investors entered the market in the first four months representing 65 per cent of the total number of real estate investors registered in that period, with a growth of 54 per cent compared to the same period in 2020. According to the DLD report, the total value of real estate investments during the four-month period reached AED36 billion, up 44 per cent compared to last year. The top five investor hotspots for villa sales were Hadaeq Sheikh Mohammed Bin Rashid followed by Palm Jumeirah, Wadi Al Safa 5, Wadi Al Safa 7, and Al Yelayiss 2. For apartment sales, Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay, and Al Thanyah Fifth topped the most favourite list, it added.
Tags : INTERNATIONAL Dubai Investor Real Estate Deals Dubai Land Department (DLD)