Dubai Real Estate Transactions Rose 51% Year to Date
Friday, 05 28 2021, Category: Economy, Country: U.A.E
Dubai has registered 25,455 real estate transactions worth AED92 billion from January – April 2021, thus achieving an increase of 51 percent in terms of the number of transactions and 72 percent in terms of their value compared to the same period in 2020.
According to the real estate bulletin issued by Dubai Land Department (DLD) under the name ‘Real Estate Updates,’ the 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. 8,749 new investors entered the market from January – April 2021, representing 65 percent of the total number of real estate investors registered in that period, with a growth of 54 percent compared to the same period in 2020.
Source: Dubai Chronicle