In the first four months of 2021, the authorities registered 25,455 real estate transactions valued at 92 billion dirhams (25 billion U.S. dollars). Compared with the same period in 2020, transaction volume increased by 51%, and transaction value increased by 72%.
According to the real estate announcement issued by the Dubai Land Department (DLD), between January and April, 8,749 new investors entered the market, accounting for 65% of the total number of investors during that period, an increase of 54% over the same period last year.
Dubai’s strong infrastructure and investment opportunities will attract more and more real estate investors.
In terms of villas, Hadaeq Sheikh Mohammed Bin Rashid ranked first in sales in April, followed by Palm Jumeirah, Wadi Al Safa 5, Wadi Al Safa 7, and Al Yelayiss2.
In terms of apartments, Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay, and Al Thanyah Fifth have been sought after.
The Dubai real estate industry is expected to grow rapidly in the coming period, partly because the Dubai World Expo will open in October.