Palm Jumeirah has become one of the largest regions for the sale of villas and apartments in the first half of 2021. More and more profitable real estate investors and buyers are showing interest in properties due to the unlimited possibilities that the island has to offer.
Up-to-date sales data just underlines the attractiveness of the emirate as a preferred destination for real estate investments worldwide.
The resilient real estate sector in Dubai continued to see strong growth in investment, with 5,359 transactions totaling over AED 11 billion already registered in May.
More than 11,300 new investors entered the market, accounting for 66% of the total number of registered buyers since the beginning of the year. In May, 6,021 real estate transactions were registered in the amount of 21.8 billion dirhams, which is 197% more than in May 2020.
The optimistic data just underlines the attractiveness of Dubai as a promising investment destination worldwide and the emirate's flexibility to adapt to various events thanks to its legislative environment and excellent infrastructure.
Since the beginning of the year, real estate investments in the amount of AED 36 billion have been recorded in Dubai. The residential property sales index reached 1071 points in May.
Hadaeq Sheikh Mohammed bin Rashid, Wadi Al Safa 5, Wadi Al Safa 7, Al Thanyah Fourth and Palm Jumeirah are among the top five districts that have attracted investors in villa sector. Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay and Al Thanyah Fifth topped the list in apartment sales.