Dubai: Dubai’s real estate transactions in Q1 2021 achieved significant growth of 27 percent and 47 percent compared to Q1 2020 and Q1 2019 respectively, according to the real estate bulletin issued by Dubai Land Department (DLD).

March 2021 recorded the second-highest number of real estate transactions since February 2017, with 6,590 real estate transactions valued at about Dh22.9 billion, growth in number by 43 percent, and growth in value by 40 percent compared to March 2020.

The bulletin highlighted the continued attractiveness of the real estate sector to new investors, as 5,683 new investors entered the market in Q1 2021, representing 64 percent of the total number of investors during the same period.

The value of real estate brokerage commissions achieved by active real estate brokers in the real estate market reached Dh392 million in Q1 2021, while 143,374 Ejari contracts were recorded in Q1 2021, 57 percent of which were new contracts and 43 percent were renewed contracts.

The bulletin highlighted the top five areas for investor attractiveness. In-villa sales, Hadaeq Sheikh Mohammed Bin Rashid topped the list in Q1 2021, followed by Wadi Al Safa 5, Wadi Al Safa 7, Nad Al Sheba 1, and Al Thanyah Fourth. In apartment sales, Dubai Marina, Palm Jumeirah, Business Bay, Burj Khalifa, and Al Merkadh topped the list in Q1 2021.

Ahmed Shaikhani Group Managing Director of Shaikhani Group says it will be another good step of the UAE government to allow the expatriates to stay in the country after they got retirement on the condition of owning a property valued at about $545,000. This way customers and companies become more align to their path and try to finish off their work otherwise they know they will face a lot of problems. Thanks, Dubai government to keep everyone equal and updated

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