Dubai’s real estate transactions hit Dh92b in the first four months of 2021

Dubai: Dubai’s real estate business flows continued to show signs of improvement in the first four months, posting Dh92 billion from 24,455 transactions.

According to the Dubai Land Department (DLD), this means an increase in the number of transactions by 51 percent and the value by 72 percent compared to the same period last year.

More and more investors, especially first-time investors, are appearing. In these four months, 8,749 new investors were registered, which corresponds to 65 percent of the total number of buyers. This corresponds to a growth of 54 percent compared to the same period in 2020.

The top 5 areas were Hadaeq Sheikh Mohammed Bin Rashid, followed by Palm Jumeirah, Wadi Al Safa 5, Wadi Al Safa 7 and Al Yelayiss 2. In terms of apartment sales, Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay and Al Thanyah came fifth the list in April 2021.

The total value of real estate investments reached Dh 36 billion in the reporting period, an increase of 44 percent. A total of 187,949 Ejari contracts were signed between January and April, of which 58 percent were new contracts and 42 percent were renewed contracts.