Real estate transactions in Dubai reach USD 25 billion from January to April 2021

187,949 contracts were registered in the Ejari system during the abovementioned period.

Dubai recorded 25,455 real estate transactions worth USD 25 billion from January to April 2021. This is an increase of 51 percent in terms of the number of transactions and 72 percent in terms of their value compared to the same period in 2020.

Dubai's real estate sector showed robustness and an ability to adapt to various circumstances and developments, said the real estate bulletin 'Real Estate Updates' issued by the Dubai Land Department (DLD).

According to the bulletin, the emirate's property sector will continue to attract more real estate investors thanks to its strong, well-developed infrastructure and excellent investment opportunities. 8,749 new investors entered the market from January to April 2021, representing 65 percent of the total number of real estate investors registered in that period. And compared to the same period in 2020, the number increased by 54 percent.

In addition to that, the bulletin revealed, that the total value of real estate investments during the abovementioned period had reached USD 9.8 billion growing by 44 percent if compared with the same period last year. This reflects the continued flow of real estate investments since the beginning of the year at a high rate, which in its turn strengthens the trust of local as well as international investors.

From January to April 2021, 187,949 contracts were registered in the Ejari system. 58 percent of them were new contracts and 42 percent were renewed contracts.

The bulletin named the top five areas for investor attractiveness. In villa sales, Hadaeq Sheikh Mohammed Bin Rashid topped the list in April 2021, followed by Palm Jumeirah, Wadi Al Safa 5, Wadi Al Safa 7 and Al Yelayiss 2. In apartment sales, Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay and Al Thanyah Fifth topped the list in April 2021.