• Tue. Jun 21st, 2022

Dubai’s real estate investment in 2021 reached $ 20.42 billion in July

The value of real estate investments in Dubai between early 2021 and July reached AED75 billion, according to a real estate report.

The Dubai Land Department (DLD) Real Estate Market Performance Report for July indicates that 46,038 deals worth AED 163 billion were completed from early 2021 through late July.

This represents a 43% increase in the number of transactions and 68% in the value of transactions, respectively, compared to the same period in 2020.

According to the DLD, 17,979 new investors were registered in July, and they represented 69% of the number of real estate investors registered from the beginning of 2021 until the end of July.

The top five areas for villa sales in July in terms of value include Marsa Dubai, Palm Jumeirah, Business Bay, Burj Khalifa and Al Merkad. The top five areas for apartment sales in terms of value include Al Hebiah Fourth, Hadaeq Sheikh Mohammed Bin Rashid, Wadi Al Safa 5, Dubai Investment Park-1, and Al Thanayah Fourth.

(Written by Seban Scaria; edited by Daniel Luiz)

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