The value of real estate investments in Dubai from early 2021 to July reached AED 75 billion, according to a real estate report.
The Dubai Land Department (DLD) Property Market Performance Report for July indicates that 46,038 deals worth AED 163 billion were completed from the start of 2021 to the end of July.
This represents a 43% increase in the number of transactions and a 68% increase in the value of transactions, respectively, compared to the same period in 2020.
According to the DLD, 17,979 new investors were registered in July, and they represented 69% of the number of registered real estate investors from the beginning of 2021 until the end of July.
The top five July villa sales areas by value are Marsa Dubai, Palm Jumeirah, Business Bay, Burj Khalifa and Al Merkad. The top five apartment sales districts by value are 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)
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© ZAWYA 2021