Dubai’s real estate sales last year surpassed AED 151 billion . the highest since 2009

Last year, Dubai’s real estate sector recorded the highest number of deals since 2013, reaching 61,241,000 deals, according to Property Finder.

The specialized company in Real estate data indicated that the value of these deals had not been seen in Dubai in 12 years, in what amounted to approximately 151.07 billion dirhams, which is the highest number reached since 2009, with a jump in value of 110.19% compared to 2020, while the total number of operations increased in the course of 2021 by approximately 74.77% compared to 2020.

Ready-made properties accounted for 59.6% of total real estate transactions in Dubai last year, according to the Al Bayan newspaper, with the remainder related to properties sold prior to their construction.

Yesterday, real estate transactions in the Dubai Land Department were more than AED 1.3 billion, as the department saw 306 sales worth AED 872.38 million, including 41 land sales worth AED 276. , 87 million dirhams and 265 sales of apartments and villas worth 595.51 million dirhams.

The largest land sale worth AED 43 million in thearea of Karama, followed by a commitment of 25 million dirhams in the second area of Jumeirah, followed by a commitment of 20 million dirhams in thearea by Seih Shuaib 4.

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