During the first three quarters of this year, real estate investments steadily increased, with 81,669 investors registering 109,186 real estate investments, totaling AED 278.7 billion. This marked a 50.3% increase in investment value, a 33.3% increase in the number of investments, and a 37.4% increase in the number of investors.
These successes are attributed to the strategic vision and efforts of the Dubai Land Department, including providing proactive real estate services, promoting comprehensive legislation and data, fostering robust partnerships, and building world-class digital infrastructure, all of which have elevated Dubai's status as a leading global real estate investment destination.
Sultan Butti bin Mejren, the Director-General of the Dubai Land Department, emphasized the role of Dubai's real estate industry in driving the city's transformation journey and its emergence as one of the world's leading economic centers. He highlighted that the industry's growth is fully aligned with Dubai's proactive economic agenda to enhance competitiveness and attract global investors.
According to the data from the Dubai Land Department, 27,120 women registered 32,557 investments, valued at AED 62.38 billion, in the first nine months of 2023. Compared to the same period last year, this marked a 36.1% increase in investment value and a 53.8% increase in value, with the number of female investors growing by 38.2%.
Regarding the top ten areas in terms of real estate transaction volume, Al Barsha South Fourth ranked first with 10,351 transactions, followed by Dubai Marina (9,071 transactions), Business Bay (7,414 transactions), Wadi Al Safa Fifth (5,602 transactions), Al Mirkadh (5,538 transactions), Al Thanyah Fifth (5,437 transactions), Burj Khalifa (5,220 transactions), Al Khiran First (4,567 transactions), Hadaeq Mohammed bin Rashid (4,195 transactions), and Jebel Ali First (3,737 transactions).
In terms of transaction value, the top ten areas included Dubai Marina, which recorded transactions exceeding AED 36.7 billion, followed by Palm Jumeirah (AED 28.51 billion), Jebel Ali Industrial First (AED 27.93 billion), Wadi Al Safa 3 (AED 25.33 billion), and Business Bay (AED 25.33 billion).
In the mortgage sector, Dubai Marina ranked among the top ten with 1,186 transactions, followed by Al Thanyah Fifth (879 transactions), Al Barsha South Fourth (879 transactions), Burj Khalifa (874 transactions), Jebel Ali First (789 transactions), Al Awir First (743 transactions), Hadaeq Mohammed bin Rashid (665 transactions), Business Bay (652 transactions), Wadi Al Safa Fifth (629 transactions), and Palm Jumeirah (526 transactions). In terms of mortgage loan amounts, Jebel Ali Industrial First ranked first with AED 27.78 billion, followed by Wadi Al Safa 3 (AED 14.97 billion), and Palm Jumeirah (AED 6.96 billion), among others.