Dubai Real Estate Sales Hit

Dubai Real Estate Sales Hit

The second highest number of real estate transactions since February 2017:
- In the first quarter, with 6,590 deals valued at about Dh22.9 billion.
Dubai recorded, growth in number by 43 % and in value by 40 %.

Real Estate Updates
- The real estate bulletin issued by Dubai Land Department, March 2021, showed that real estate transactions in Q1 2021.
- Achieved a significant growth of 27 % and 47 % compared to Q1 2020 and Q1 2019.
- 5,683 new investors entered the market in Q1 2021.
- Representing 64 % of the total number of investors during the same period.
- Enhance the trust of local and international investors in Dubai’s attractive and vibrant real estate environment.
- Value of real estate brokerage commissions achieved by active real estate brokers in the real estate market reached Dh392 million in Q1 2021.
- 143,374 Ejari contracts were recorded in Q1 2021.
- 57 % of which were new contracts and 43% were renewed contracts.

Top Five Areas
- The top five areas for investor attractiveness for villa sales in Q1 were:
1. Hadaeq Sheikh Mohammed bin Rashid
2. Wadi Al Safa 5
3. Wadi Al Safa 7
4. Nad Al Sheba 1
5. Al Thanyah Fourth

- In apartment sales:
1. Dubai Marina
2. Palm Jumeirah
3. Business Bay
4. Burj Khalifa
5. Al Merkadh