Dubai records real estate transactions worth Dhs300bn in 2021

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Dubai’s real estate market witnessed 84,772 transactions valued at Dhs300bn in 2021. The emirate recorded a 65 per cent growth in the number of real estate transactions and a 71 per cent increase in value last year compared to 2020, according to the annual transaction report issued by the Dubai Land Department (DLD). A total of 52,415 investors concluded 72,207 new investments worth Dhs148bn last year, representing a 73.7 per cent growth in the number of investments, a 65.6 per cent rise in the number of investors, and a 100 per cent increase in the value of investments compared to 2020, official news agency WAM reported. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said: “Dubai’s robust infrastructure, flexible legislations that have kept pace with evolving market conditions, and its safe environment have all contributed to deepening investment confidence in its real estate sector. The rise in investments and the increasing interest shown by global investors in Dubai is testament to the effectiveness of the emirate’s strategic economic initiatives. Dubai has a clear vision for the future, and its partnership with the global investment community continues to be vital to its ability to accelerate growth and