Achieving Significant Growth in Real Estate Transactions
The real estate bulletin showing:
â–ªï¸ Total of 6,590 real estate transactions in Dubai
â–ªï¸ Recorded and valued at about Dhs22.9 billion, according to the real estate bulletin issued in March 2021.
â–ªï¸ Revealed a growth in number by 43% and a growth in value by 40% compared to March 2020.
â–ªï¸ Recorded the second highest number of real estate transactions since February 2017.
â–ªï¸ Showed that real estate transactions in Q1 2021 achieved a significant growth of 27 % and 47 % compared to Q1 2020 and Q1 2019.
â–ªï¸ Highlighted continued attractiveness of the real estate sector to new investors.
â–ªï¸ 5,683 new investors entered the market in Q1 2021.
â–ªï¸ Representing 64 percent of the total number of investors during the same period.
â–ªï¸ Revealed the continuity of achieving positive results in 2021.
â–ªï¸ Enhance the trust of local and international investors in Dubaiâ€™s attractive and vibrant real estate environment.
The brokerage commissions achieved by active real estate brokers in the real estate market reached:
â–ªï¸ Dhs392 million in Q1 2021
â–ªï¸ 143,374 Ejari contracts were recorded in Q1 2021
â–ªï¸ 57 % of which were new contracts
â–ªï¸ Renewed 43 %
Top five areas for investor attractiveness in Villas & Apartments
1. In villa sales:
â–ªï¸ Hadaeq Sheikh Mohammed Bin Rashid topped the list in Q1 2021
â–ªï¸ Wadi Al Safa 5
â–ªï¸ Wadi Al Safa 7
â–ªï¸ Nad Al Sheba 1
â–ªï¸ Al Thanyah Fourth
2. In apartment sales:
â–ªï¸ Dubai Marina
â–ªï¸ Palm Jumeirah
â–ªï¸ Business Bay
â–ªï¸ Burj Khalifa
â–ªï¸ Al Merkadh topped the list in Q1 2021