Dubai Realty Reaping 'Safe Haven' Rewards

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🎙 "The Covid-19 pandemic has demonstrated the UAE’s strong leadership in managing the pandemic, and creating a safe haven for people – while the rest of the world was reeling from the crisis." - Rizwan Sajan, Founder, Danube Group. 

Bouncing Back Hard

Per this Khaleej Times report, in 2021, Dubai’s real estate market will clock over 100% growth in transaction value YoY, as investors reposed trust in its favourable economic policies, efficient handling of the Covid-19 pandemic, visa reforms, and the recent liberalisation of the business licensing regime.

Numbers Don't Lie

Per latest Dubai Land Department (DLD) data, Dubai has already registered property transactions worth Dh142.5 billion till mid December, with over 57,500 deals.

In comparison, 35,434 transactions worth Dh72.49 billion were registered last year. 

A Historic Year For Real Estate

The secondary housing market has led this recovery, pointing to strong local demand, and the off-plan market has also picked up pace with steadily increasing transaction volume. 

As a result, the last few quarters have witnessed a record number of real estate deals across the country. 

2022 Could Be More Promising

With more people choosing to call Dubai home, and the 2020 Expo site to be converted into a mixed use development post March 2022, investment in Dubai's real estate sector is expected to remain high, feel regional experts.