Dubai's 2021 real-estate investments reached $20.42bln in July

46,038 transactions worth $44.41bln were conducted since the beginning of 2021 until the end of July

  
Sunrise over modern skyscrapers of Dubai in the United Arab Emirates rising above the main city highway aerial view.

Sunrise over modern skyscrapers of Dubai in the United Arab Emirates rising above the main city highway aerial view.

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The value of real estate investments in Dubai from the beginning of 2021 until July reached AED 75 billion, according to a real estate report.

The Dubai Land Department's (DLD) real estate market performance report for July states that 46,038 transactions worth AED 163 billion were conducted since the beginning of 2021 until the end of July.

This represents a 43 percent increase in the number of transactions and 68 percent increase in the value of transactions, respectively, over the same period in 2020.

According to the DLD, 17,979 new investors were registered in July, and they represented 69 percent of  the number of real estate investors registered since 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.

(Writing by Seban Scaria; editing by Daniel Luiz)

( seban.scaria@refinitiv.com)

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© ZAWYA 2021


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