The UAE’s real estate market is currently experiencing renewed vigor and momentum, which can be attributed to peaked rental and capital appreciation across some of the high-end properties located in the country.
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.
The real estate and properties transactions valued at 5.1 billion in total during the week ending April,8, 2021, according to Dubai Land Department (DLD). The DLD weekly real estate report said the sum of transactions was 1,379.
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The real estate and properties transactions in Dubai valued at Dhs3.79 billion in total during last week. The sum of transactions was 997.
Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over Dhs175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD).
The data indicated concerns of market overheating. Svensk Maklarstatistik, an association of real estate agents, added that the rise was a record from when it started collecting data in 2005.
Dubai Land Department (DLD) has issued 4,202 different real estate permits that includes 255,579 real estate ads in 2020 through the “Trakheesi” system on the department’s website.
Dubai Land Department (DLD) is to enhance and consolidate its relationship with its partners. Aiming to strengthen its relationship with the partners and to appreciate their roles, DLD organised the annual forum to honour the various partners