The real estate sector in the UAE has evolved at a rapid speed and it is a testament to the ambitious vision of its founding fathers. Over the past decade, the property sector has undergone rapid transformation, making it the preferred haven for investors on the global map. This unprecedented development of the UAE has cemented its position as a magnet for future investments.
The supply of real estate has reached ‘historic levels’ in 2021 according to real estate consultancy Knight Frank. 83,000 residential units will be available this year, up from 35,808 in 2020, the firm said. This excess of supply is an indicator of untapped growth opportunities for real estate evangelizers.
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Dubai continues to be a magnet for real estate investments with the availability of high-yielding assets, a secure regulatory framework and sophisticated infrastructure to back the growth. Even in times of fluctuations in the world economy, Dubai has managed to charm global investors to invest in its vibrant real estate.
Real estate is a highly competitive investment space that fetches solid returns but what investors lack is market insights. Amlak Digital helps our partners maximize the full potential by providing access to ground-breaking projects backed with our dependable strategy.
The United Arab Emirates’ economy is regaining it robustness thanks to the real estate market opportunities and infrastructure to support it. Dubai is the region’s most dynamic city and a beacon of stability in the Middle East.
Recovering from the pandemic, Dubai’s real estate continues to clock in record numbers in size and value of real estate transactions every month. According to Mo’asher, Dubai’s official sales price index that was launched by Dubai Land Department (DLD), Dubai has been witnessing strong demand for property in the first quarter of 2021. The statistics below reflect that trend.
Mirroring Dubai’s real estate vigour are the other emirates in the United Arab Emirates. Property deals in Abu Dhabi, Dubai, Sharjah and Ajman showed signs of growing demand, with Abu Dhabi and Dubai recording 86% (Dh59.2bn) of deals in the first three months of 2021, according to a report shared by WAM. The total size of transactions recorded in Q1 in the UAE stands at Dh68.6 billion ($18.52bn).
Sharjah and Ajman contributed to the demand by registering sales worth Dh6.7bn and Dh2.7bn respectively. The table below shows a breakup of the transactions in first quarter of 2021 across the four emirates.