The emirate’s real estate sector showed a continuous flow of investments in May 2021, registering 5,359 investments worth more than AED 11 billion ($3 billion), DLD informed in a statement.
Adding on, 11,387 new investors stepped into the market, containing 66% of total registered investors since the beginning of the year.
And talking about real estate deals, 6,021 transactions worth AED 21.8 billion were registered in May 2021, gaining a significant growth of 197% in volume and 221% in value compared to May 2020.
Property sales contained the biggest chunk of deals (74%) during May 2021.
The top five areas preferred by investors for villas were Hadaeq Sheikh Mohammed Bin Rashid, followed by Wadi Al Safa 5, Wadi Al Safa 7, Al Thanyah Fourth, and Palm Jumeirah.
In apartment sales, Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay, and Al Thanyah Fifth topped the list in May 2021.
“It is expected that the real estate sector will witness increased growth and a greater recovery in the coming period, with the fast-approaching date of Expo 2020, which in turn will attract tourists and visitors from around the world and constitute a great opportunity for the real estate sector to strengthen its position regionally and globally,” DLD said in the statement.