The Engineer Marwan bin Ghalita, Director General of the Dubai Land Department, revealed that the real estate sector in the emirate succeeded in attracting more than 50,000 new investors during the first half of 2024.
Dubai Land Department achieved strong results during the first half of 2024, with the value of transactions reaching AED 346 billion, a growth of 23%, through 100,520 transactions, a growth of 32%.
Bin Ghalita added, via the “X” platform, that real estate transactions in the Dubai market recorded significant growth during the first half of this year. He said: “Our main mission at the Dubai Land Department is to create a safe and attractive real estate environment for investors and preserve their rights, in addition to empowering the sector with technological capabilities that support investment decision-making.”
The Director General of Dubai Land Department stressed the importance of the partnership between the public and private sectors and its role in enhancing development and creating joint and innovative projects that contribute to enhancing decisions, serving investors, and facilitating their investment journey in the Dubai real estate market under a clear and established legal and legislative umbrella.
Bin Ghalitha pointed out the role played by the Dubai Land Department in developing national cadres and supporting them to engage, work and invest in the real estate sector to benefit from the opportunities it provides in various fields, including real estate brokerage.