Big surge in DLD licences reflects Dubai’s investor appeal

Big surge in DLD licences reflects Dubai’s investor appeal

DLD issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6 per cent and 53 per cent, respectively, from 2021

Real estate transactions in Dubai maintained an exponential growth trajectory recording a 76.5 per cent increase in value to Dh528 billion compared to 2021.

Published: Thu 26 Jan 2023, 7:01 PM

The Dubai Land Department said on Thursday that a significant jump in real estate permits and real estate licences it issued in 2022 underscores the growing investor interest in Dubai and the real estate market’s competitiveness.

According to data, DLD issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6 per cent and 53 per cent respectively from 2021. Real estate transactions also maintained an exponential growth trajectory recording a 76.5 per cent increase in value to Dh528 billion compared to 2021.

“The sector’s exceptional performance supports the goals of the Dubai Economic Agenda D33,” DED said in a statement.

“The high growth in permits and licences reflects the growing demand from real estate investors across the world driven by Dubai’s strong growth outlook and the prospects of high returns in the local market. The growth also