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,
The past months leading up to the launch of the global event Expo 2020 Dubai witnessed an exceptional growth in general in real estate sales transactions in terms of volume and value.
Mattar Al Tayer, Commissioner-General for Infrastructure, Urban Planning and Well-Being Track, and Chairman of the Supreme Committee for Urban Planning, inaugurated the exceptional 21st edition of Cityscape Global being
Coinciding with the launch of Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, the Dubai real estate market continued to record new achievements and further growth in the field of real estate sales transactions.