Picture shown is for illustrative purposes only.
Dubai offers huge incentives that encourage residents to invest in the real estate sector, namely, high return on investment, low risk, investing for next generations, ease of substitute in case of default and ownership is better than rent.
The top three transactions were a land in Madinat Dubai Almelaheyah sold for Dhs212.6 million, followed by a land that was sold for Dhs53 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs212.6 million in Madinat Dubai Almelaheyah in third place.
A total of 1,733 real estate and property transactions valued at Dhs4.3 billion were registered during the week ending 15th April, 2021.
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Data from the Dubai Land Department (DLD) showed that real estate sales topped Dhs132.6 billion since the beginning of the year until now.