Dubai’s real estate sector records over Dhs175b transactions in 2020
03 Feb 2021
Dubai attracted 31,648 new investors who concluded 41,571 investments worth over Dhs73.2 billion. WAM
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 report revealed that real estate sales reached Dhs72.5 billion with 35,423 transactions, while mortgages recorded 12,958 transactions with a total value exceeding Dhs87.7 billion, and grants recorded 3,033 transactions worth over Dhs15 billion.
The report also showed that Dubai attracted 31,648 new investors who concluded 41,571 investments worth over Dhs73.2 billion.