The year 2021 was a landmark one for Dubai real estate market. Not only did it rebound but it also posted record-breaking figures thanks to overseas investors, low interest rates and strong demand. The Dubai Land Department registered an astounding 71 per cent growth in the value of total transactions in 2021 compared to 2020, shattering a 12-year record. Contributing to this performance was Shitij Kapoor-led Luxury Concierge Real Estate (LCRE), a channel partner with leading property developers in Dubai.
Last year, LCRE clocked sales worth Dh1.3 billion at the Dubai Land Department. Sales with Emaar Properties alone stood at approximately Dh383 million, followed by Damac, which was about Dh203 million. Out of the Dh1.3 billion, Kapoor, the company’s Managing Director, brought in Dh1.05 billion.