Dubai real estate market – main results 2021

Dubai real estate market – main results 2021

According to the Dubai Land Department, 84,772 transactions worth $81.7 billion were completed in 2021. Number of transactions increased by 65%, their value increased by 71% compared to 2020. TOP AREAS By the number of transactions Dubai Marina – 7,968 Business Bay – 5,687 Al Thanyah Fifth – 5,092 Al Barsha South Fourth – 4,813 Hadaeq Sheikh Mohammed Bin Rashid – 4,352 By the value of transactions Dubai Marina – $7.8 billion Palm Jumeirah – $7.2 billion Hadaeq Sheikh Mohammed Bin Rashid – $4.3 billion Burj Khalifa – $3.9 billion Business Bay – $3.6 billion By the number of mortgages Dubai Marina – 1,440 Hadaeq Sheikh Mohammed Bin Rashid – 1,046 Al Thanyah Fifth – 1,015 Burj Khalifa – 922 Al Barsha South Fourth – 875 By the value of mortgages Palm Jumeirah – $2.8 billion Dubai Marina – $2.7 billion Al Yufrah 1 – $1.7 billion Warsan 2 – $1.3 billion Business Bay – $1.2 billion In 2021, a total of 35 real estate projects with a value exceeding $3 billion were completed and 319 projects are in progress. 49,790 real estate units were registered. Of these, sold:

• 41,020 apartments worth $18.6 billion
• 8,030 villas worth $4.9 billion

A total of 52,415 investors concluded 72,207 new investments worth $40.3 billion. Compared to 2020:

• The number of investors increased by 65.6%
• The number of investments increased by 73.7%
• Value of investments increased by 100%

Source: Media Office Government of Dubai