In March Dh22.9
billion worth property transactions took place in the Emirate
Dubai: Dubai’s real estate
transactions in Q1 2021 achieved a significant growth of 27 per cent and 47 per
cent compared to Q1 2020 and Q1 2019 respectively, according to the real
estate bulletin issued by Dubai Land Department (DLD).
March 2021 recorded the second
highest number of real estate transactions since February 2017, with 6,590 real
estate transactions valued at about Dh22.9 billion, a growth in number by 43
per cent and a growth in value by 40 per cent compared to March 2020.
The bulletin highlighted continued
attractiveness of the real estate sector to new investors, as 5,683 new
investors entered the market in Q1 2021, representing 64 per cent of the total
number of investors during the same period.
The value of real estate brokerage
commissions achieved by active real estate brokers in the real estate market
reached Dh392 million in Q1 2021, while 143,374 Ejari contracts were recorded
in Q1 2021, 57 per cent of which were new contracts and 43 per cent were
renewed contracts.
The bulletin highlighted the top five
areas for investor attractiveness. In villa sales, Hadaeq Sheikh Mohammed Bin
Rashid topped the list in Q1 2021, followed by Wadi Al Safa 5, Wadi Al Safa 7,
Nad Al Sheba 1, and Al Thanyah Fourth. In apartment sales, Dubai Marina, Palm
Jumeirah, Business Bay, Burj Khalifa, and Al Merkadh topped the list in Q1
2021.
Ahmed Shaikhani Group Managing
Director of Shaikhani Group says it will be another good step of UAE government
to allow the expatriates to stay in the country after they got retirement on a
condition of owning a property valued at about $545,000. This way customers and
companies become more align to their path and try to finish off their work
otherwise they know they will face a lot of problems. Thanks Dubai government
to keep everyone equal and updated
As the
pandemic circumstance is that the most exceedingly awful inside the entire
world, things are truly hard to outlined in light of the fact that during the
present circumstance we've to be extremely cautious playing it safe to shape
sure to not place work's life in peril since this work needs huge loads of
labor and gratitude to pandemic we've to deal with the 6-foot hole, so what
we've given our work top notch gear to frame sure work doesn't bargain and
clients will get their lofts on time very 1000 units handover inside the
activities of Cambridge business focus, champions tower 1 and Frankfurt sports
tower which is worth of 700 million dirham around 600 units are to be finished
soon inside one year in Champions tower 3, Gardenia 1 and two or three roughly
esteem 300 Million dirham will be convey
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