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Investment in Dubai's residential sector peaked in July 2021

Investment in Dubai's residential sector peaked in July 2021

From the beginning of 2021 to the end of July, 46,040 transactions totaling $ 44.42 billion were made in the Dubai real estate market.

The Dubai Land Department (DLD) said in its housing market report for July that from the beginning of 2021 to the end of July, a total of 46,040 transactions worth AED 163 billion had been made in the country.

This led to an increase in the number of transactions by 43% and an increase in their cost by 68%, respectively, as at the same time in 2020.

The Dubai Land Department also noted 17,980 new investors in July, the number of which amounted to 69.0% of the total number of investors in the housing market from the beginning of 2021 to the end of July.

The top 5 best areas for sale of villas in July by value include Palm Jumeirah, Business Bay, Burj Khalifa and Al Merkadh. The top five areas for sale of apartments by value included Al Hebiah Fourth, Hadak Sheikh Mohammed Bin Rashid, Wadi Al-Safa 5, Dubai Investment Park-1 and Al Tanaya Fourth.

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