Investments in the Dubai real estate sector nets over $53 bln

Dubai's real estate sector attracted a total of 38,318 foreign investors, who made 51,553 new investments worth more than 99 billion dirhams ($53 billion).

International Property Show (IPS), which will be held from March 24 to 26, will become a powerful platform that will connect local and international developers with real estate investors from around the world. Investors from Spain, Australia, Serbia and Montenegro, the USA, Canada, Ecuador and Mexico will take part in the event.

According to reports, 84,772 transactions worth 300 billion dirhams were registered in Dubai real estate market in 2021. The number of transactions increased by 65%, and the cost increased by 71% compared to 2020.