In 2021, 84,772 real estate transactions worth $82 billion were registered in Dubai

Dubai's real estate market continues to serve as a key driver for the growth of various sectors and economic activity in the emirate. The real estate sector registered 84,772 transactions worth 300 billion dirhams ($82 billion) in 2021, according to an annual report published by the Dubai Land Department (DLD).

The report showed a 65% increase in the number of transactions and an increase in the value of real estate by 71% compared to 2020. A total of 52,415 investors concluded 72,207 transactions in 2021 in the amount of 148 billion dirhams, which represents an increase in the number of investments by 73.7%, an increase in the number of investors by 65.6%, as well as a growth in the value of investments by 100% compared to 2020.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said: «The measures of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, aimed at making Dubai the best city in the world to live and work in, have served as a key factor in increasing its attractiveness as a global investment destination».

Dubai's robust infrastructure, flexible legislation that keeps pace with changing market conditions, and a safe environment have all contributed to strengthening investor confidence in the real estate sector. The increase of investments and the growing interest shown by global investors in Dubai testify to the effectiveness of the emirate's strategic economic initiatives.