The real estate sector in Dubai has witnessed strong performance since the beginning of this year, and the projects offered varied between residential and commercial complexes and towers, in addition to office spaces to keep pace with the increasing number of companies and projects.
According to the Dubai Land Department, the real estate sector in the emirate attracted 50,000 new investors during the same period, and the department achieved strong results after the value of real estate transactions reached 346 billion dirhams, with a growth of 23%, through the implementation of 100,520 transactions.
The emirate has acquired the largest share of the number of new real estate projects in the country, as more than 12 new projects were launched by major real estate companies such as “Emaar Properties”, “Deyaar Development” and “Dubai Investments”, in addition to the expansion of “Dubai Mall”.
Residential real estate in Dubai witnessed growth through the completion of about 6,600 new units in Dubai during the first half, bringing the total number of units to 736,000 units, in addition to expectations of delivering about 20,000 residential property units in the second half of 2024.
The real estate sector in the UAE continued its growth and investment attractiveness during the first half of this year, supported by the economic and financial stability witnessed by the country, and the launch of new qualitative projects to keep pace with the increase in demand for various real estate units.
According to the Emirates News Agency’s monitoring, the country’s largest real estate companies have launched a large number of huge real estate projects since the beginning of this year, which has contributed to the diversity of investment options that provide strong opportunities for investors and those aspiring to live and work in the UAE, which has strengthened its position as a global center for high-quality, environmentally friendly real estate.