Dubai real estate sales in 2021 record highest value since 2009
Dubai real estate deals were worth approximately 151 billion dirhams ($41.1 billion) in 2021, their highest value since 2009.
The total number of deals last year reached 61,241, the largest number since 2013, according to Al Arabiya.
This value jumped by 110 percent compared to 2020, while the total number of deals increased over the course of 2021 by 74 percent compared to 2020.
Of these deals, ready made properties accounted for 60 percent of total real estate transactions in Dubai in 2021, while the rest was made up of off-plan properties.