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Dubai real estate sector sets sight on attracting more new investors reporters@khaleejtimes.com Filed on April 29, 2021
Investment incentives provided by the authorities and government initiatives in support of population growth, boosted the direct demand for real estate
There are nine main supporting factors that have contributed to the growth of the value of real estate transactions in Dubai during the first quarter of 2021, increasing 44 per cent on an annual basis, according to the chairman of brokerage W Capital.
According to Walid Al Zarouni, these include a strong Covid-19 vaccination drive, new visa residency laws, and the upcoming Expo 2020 Dubai event.
Dubai property sector gains pace, deals hit Dhs8.5 billion
29 Apr 2021 Gulf Today
A total of 1,791 real estate and properties transactions valued at Dhs8.5 billion were registered during the week, according to a report issued by the Dubai Land Department (DLD) on Thursday.
121 plots were sold for Dhs526.63 million, 1,121 apartments and villas were sold for Dhs 2.2 billion.
The top three transactions were a land in Palm Jumeirah sold for Dhs70 million, followed by a land that was sold for AED29.75 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs70 million in Palm Jumeirah in third place.
Al Hebiah Third recorded the most transactions for this week by 25 sales transactions worth Dhs52.31 million, followed by Nad Al Shiba Third with 18 sales transactions worth Dhs48.07 million, and Nad Al Shiba First with 15 sales transactions worth Dhs36 million in third place.
UAE to include new sectors in 100% foreign ownership law menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.