Dubai: Areas with highest real estate transaction value revealed

Dubai: Areas with highest real estate transaction value revealed

Real estate transactions have achieved significant growth in the first nine months of 2023

Published: Tue 31 Oct 2023, 3:55 PM Last updated: Tue 31 Oct 2023, 3:57 PM

Real estate transactions in Dubai achieved significant growth in the first nine months of 2023, recording a growth of more than 36.7 per cent in value and 33.8 per cent in number of transactions compared to the same period in 2022. Dubai Land Department data also revealed that 116,116 real estate transactions worth Dh429.67 billion, were recorded in Dubai in this period, a testament to the enduring growth and adaptability of the emirate’s real estate market. These achievements can be attributed to the city’s rising global profile, exceptional infrastructure and the commitment of Dubai’s visionary leadership to fostering development across sectors.

Real estate investments also witnessed steady growth during the first three quarters of the year, with 81,669 investors registering 109,186 real estate investments worth Dh278.7 billion, a growth of 50.3 per cent in value, 33.3 per cent in the number of investments, and 37.4 per cent in the number of investors. This has been driven by DLD’s strategic vision and its endeavours to enhance Dubai’s position as a leading global real estate investment