This year, the value of transactions in Dubai's real estate market will increase by more than 100 percent, as investors trust the emirate's consistent economic policy, successful strategy to combat the COVID-19 pandemic, visa reforms, and recent liberalization of the business licensing regime.
Expo-2020 had an effect on price growth as well. Industry experts predict that the trend will continue after the exhibition concludes.
According to real estate analysts and agents, the emirate has recorded real estate transactions worth AED 150 billion, up from AED 72.49 billion in 2020.
According to the most recent data from the Dubai Land Department, more than 57,500 purchase and sale transactions totaling AED 142.5 billion had already been registered in the emirate by mid-December. Last year, 35,434 transactions totaling AED 72.49 billion were recorded.
According to Rizwan Sajan, founder and chairman of the Danube Group, Dubai's real estate sector will have one of its best years in 2021. Sajan went on to say that the prospects for the real estate sector are bright because of the country's unique strengths. As more people move to the UAE, real estate will continue to attract investment, he said.
Transaction volumes are expected to rise significantly in the first half of 2022 before gradually leveling off in the second half.