Dubai sees completion of 9 real estate projects worth AED4 06bn in H1 23 bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Dubai records $48bn real estate transactions in 2020
DUBAI, February 3, 2021 Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions worth over AED175 billion ($48 billion), according to the Dubai Land Department (DLD). The report revealed that real estate sales reached AED72.5 billion with 35,423 transactions, while mortgages recorded 12,958 transactions with a total value exceeding AED87.7 billion, and grants recorded 3,033 transactions worth over AED15 billion. The DLD report also showed that Dubai had attracted 31,648 new investors who concluded 41,571 investments worth over AED73.2 billion. The sector was able to achieve a high volume of transactions despite the global Covid-19 crisis, stated Sultan Butti bin Mejren, Director General of DLD.
DLD: Dubai Records 51,414 Real Estate Transactions Worth over AED175 Billion in 2020
February 3, 2021
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 AED175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD). The sector was able to achieve a high volume of transactions despite the global COVID-19 crisis and the accompanying precautionary measures that cast a direct shadow on various sectors, affecting individuals as well as public and private institutions and suspending various commercial activities and air traffic for several months.
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.