Local and foreign investors are still interested in Dubai's real estate market

Local and foreign investors are still interested in Dubai's real estate market

Dubai attracted 31,648 new investors who concluded 41,571 investments worth over USD 871 million.

Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over USD 47.6 billion, according to the annual transaction report issued by the Dubai Land Department (DLD). The sector was able to achieve a high volume of transactions despite the global COVID-19 crisis and the accompanying precautionary measures that cast a direct shadow on various sectors, affecting individuals as well as public and private institutions and suspending various commercial activities and air traffic for several months. 

The report revealed that real estate sales reached USD 19.7 billion with 35,423 transactions, while mortgages recorded 12,958 transactions with a total value exceeding USD 23.9 billion, and grants recorded 3,033 transactions worth over USD 4 billion.

The report also showed that Dubai attracted 31,648 new investors who concluded 41,571 investments worth over USD 871 million.

There was strong demand for investment in Dubai’s real estate sector from GCC investors in 2020, with 6,704 investors recording 8,659 investments worth around USD 4 billion. Emiratis topped the list of GCC nationals, followed by Saudis, Kuwaitis, Omanis and Bahrainis.

4,388 Arab investors registered 5,283 transactions worth a total value of about USD 2 billion. Jordanian investors took the lead, followed closely by Egyptian, Lebanese, Sudanese and Algerian investors.

Indians topped the list of foreign investments, followed by the Chinese, British, Pakistanis, and French. Dubai’s real estate market attracted 19,757 foreign investors, who concluded 24,666 investments worth over USD 9.6 billion.

Dubai Marina topped the list of areas in terms of the number of transactions, followed by Al Barsha South Fourth, Business Bay, Burj Khalifa, Hadaeq Sheikh Mohammed Bin Rashid, Al Thanyah Fifth, Al Merkadh, Al Yelayiss 2, Al Hebiah Fourth, and Wadi Al Safa 5.

Jebal Ali First topped the list of areas in terms of the value of transactions, followed by Dubai Marina, Al Merkadh, Palm Jumeirah, Hadaeq Sheikh Mohammed Bin Rashid, Burj Khalifa, Business Bay, Al Barsha South Fourth, Al Thanyah Fourth, and Al Yelayiss 2.

Hadaeq Sheikh Mohammed Bin Rashid topped the list of areas in terms of the number of mortgages, followed by Al Yelayiss 2, Dubai Marina, Al Barsha South Fourth, Jabal Ali First, Burj Khalifa, Al Thanyah Fifth, Me’aisem First, Nad Al Sheba 3, and Al Thanyah Fourth.

Jebel Ali First topped the list of areas in terms of the value of mortgages, followed by Palm Jumeirah, Al Merkadh, Al Yelayiss 2, Nad Hessa, Hadaeq Sheikh Mohammed Bin Rashid, Business Bay, Dubai Marina, Al Barsha South Fourth, and Seih Al Dahl.

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