Dubai: A real estate transaction of 2.53 billion dirhams took place in Dubai on the first Friday of the week. In the first week after the shift, Dubai Land reported 7.24 billion dirhams worth of transactions.
Yesterday alone, 227 transactions were transacted in the region. There were 1766 transactions this week. As of yesterday, 1.93 billion dirhams worth of transactions were related to apartments and villas. 12 were real estate. The largest transaction was in the Palm Jumeirah, worth 500 million dirhams. Jabal Ali, who signed the most contracts, had 23 deals. There were 21 transactions in Business Bay and 13 in Al Barsha South Fort.
The real estate sector in Dubai is booming, officials said yesterday. On Friday, the first working day, the best deals were made to replace the energy of this jump.
In Dubai, there were transactions worth 300 billion dirhams last year. The Dubai Land Department’s annual figures show that 84,772 transactions were made. Eau’s figures show that Dubai has risen to prominence among Kovid.
Compared to 2020, the number of transactions has increased by 65%. It also sees a growth of 71% in the amount. 52,415 investors made 72,207 investments. An investment of 148 billion dirhams was made in 2021. This is a 100 percent increase over 2020. Deposits grew by 73.7 per cent and investors by 65.6 per cent.
Of the 6897 investors in the GCC, 8826 investors registered. Its value is estimated at Rs 16.88 billion. 38,318 foreign investors came this year. They made 51553 investments. 17,705 women have also invested. 38.4 billion investments are made by women.
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