The top three transactions were a land in Island 2 sold for Dhs34 million, followed by a land that was sold for Dhs26.5 million in Al Thanayah Fourth, and a land sold for Dhs34 million in Island 2 in third place.
Dubai has emerged as a hotspot for global and local real estate investors buoyed by the emirate’s steady economic growth, world-class infrastructure, tolerant and inclusive culture for multiple nationalities and ease of access to the rest of the world.
The real estate bulletin showed that real estate transactions in Q1 2021 achieved a significant growth of 27 per cent and 47 per cent compared to Q1 2020 and Q1 2019, respectively.
Expo 2020 is adding considerable momentum to the economy, apart from being the perfect platform to showcase the UAE as a progressive and technology driven nation.
The active and fruitful contribution to the sales of the project, which is being developed by "Green Yard Properties Development," resulted in snatching the award by "W Capital" who topped in terms of the value of sold units.
Dubai residential property prices rose in April-June for a second straight quarter as demand picked up after the pandemic, consultancy Knight Frank said on Tuesday,