Dubai Real Estate market marks up by 40% growth in the first half of 2021

The Dubai Real Estate Market has seen a steady rise over the last few months due to many factors.

According to data from Property Finder, property sales in the Dubai Real Estate Market grew more than 40 percent year on year in the first half of 2021 with 27,373 transactions recording worth Dh61.97 billion. Secondary or ready transactions in the sector rose up by 44 percent in comparison to the last half of 2020, while the value of these transactions had an approximate spike of 52 percent. While off-plan transactions also saw a growth in both number and value during the first half of 2021, this surge was not as drastic as that for ready transactions, with an increase of 34.02 percent for the volume of transactions and an increase of 54.61 percent in the value of transactions. The Dubai Real Estate Market has seen a steady rise over the last few months owing to a host of factors. These include the emirate being considered one of the most economically and culturally safe places to invest in along with better administration practices and a ramped-up vaccination drive.

Tags: Real Estate , Property, Sale , Dubai