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What a year 2021 was for Dubai real estate, breaking all sorts of records in sales volumes, values and mortgages. To highlight the year’s achievements, we broke a 12-year record in terms of the value of real estate sales transactions, with properties worth Dhs151.07bn sold. There were a total of 61,241 real estate sales transactions that took place, the highest since 2013. When compared to the previous year, 2021 had a 110.19 per cent increase in sales value and 74.77 per cent increase in sales volume. During the pandemic, many developers took a step back and really assessed the market to understand what type of projects they could build that checked all the boxes for investors and consumers alike. 


                            This is one of the factors contributing to the resurgence of demand in the off-plan market coupled with the fact that current supply is low in prime, popular areas and prices have increased in the secondary market. The real estate sector holds many of the solutions to alleviate climate concerns, such as targets for zero net carbon output, energy efficiency and adoption of renewable. The opportunity for the real estate sector isn’t only in physical buildings but also in health and the wellbeing of tenants, social sustainability, inclusion and diversity, accessibility and electric vehicle take-up. The developments that adopt this the quickest and provide that to their tenants’ at the most affordable price will win.


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