The Dubai Land Department (DLD) recently revealed the annual results of the Dubai real estate market for 2017, with the total real estate transactions exceeding AED 285 billion through 69,000 real estate transactions.

At a glance:

• Dubai’s total real estate transactions for 2017 exceed AED 285 billion, an increase of 6 per cent since 2016
• UAE nationals lead investment activity, with investors from India, Saudi Arabia, and the UK also making a large portion.
• Women entering the market is growing, with a total of over AED 27 billion worth of transactions

Commenting on the report, which summarizes the market activity over the past year, Sultan Butti bin Mejren, Director General of DLD, said: "The figures disclosed in the report for total transactions including sales, mortgages and others, confirm the current strength of the Dubai real estate market, in particular when compared against the past two years - 2015 and 2016."

Bin Mejren added: "The 2017 report sends reassuring messages of renewed cycles of growth in the coming years, especially when we take into account the modern-day infrastructure that exists in Dubai. The numbers and figures contained in the report confirm the strength of the Dubai real estate market and its ability to grow from year to year. Among the positive signs of the report is the lead UAE nationals have in investments, as well as the diversity of the investor base which reflects the attractiveness of the Dubai real estate market to global investors."

The report states that the real estate transactions for 2017 have increased by 6 per cent in terms of number, and 4 per cent in value when compared to AED 275.8 billion for 2015, and increased by 14 per cent in number, and 6 per cent in value compared to AED 268.7 billion for 2016.

Turnout from world-wide investors

For 2017, Dubai's real estate market has attracted investors from around the world, with a total of 39,480 investors making nearly 53,000 transactions worth more than AED 107 billion.

According to the same report, over 9,790 Gulf nationals made 14,381 transactions worth more than AED 37 billion. The Dubai real estate market attracted nearly 7,000 Arab investors who closed 8,644 real estate transactions worth over AED 14 billion. There was also a high-level of activity among foreign investors, with nearly 23,000 investors making approximately 30,000 transactions worth approximately AED 56 billion throughout 2017.

List of Top Nationalities Investing

The UAE investor continued to lead the list of nationalities investing in the Dubai real estate market, where the value of their investments amounted to AED 25.307 billion. The second place was for Indian investors who invested AED 15.6 billion. The Saudis came in third place with investments exceeding AED 7 billion dirhams, followed by British and Pakistanis whose investments amounted to AED 6 and 5 billion, respectively.

Women's in Real Estate

The contribution of women to real estate investment is growing, with their trust in the Dubai real estate market reflected by 11,773 women entering the market and making a total of 14,316 transactions worth over AED 27 billion. 

Bin Mejren concluded: "Such results would not have been possible without our firm commitment to the vision of our wise leadership, and our keenness to achieve the highest levels of excellence in our innovative services that will reassure all segments of investors, allowing Dubai to remain an attractive investment environment for investors seeking a safe return on investment. That is clearly seen through the base of investors of more than 200 nationalities from all continents of the world."

For further information and Dubai Land Department transaction reports, visit the Dubai Land Department website.

See also:

Wrapping up 2017, and what to expect in 2018 in Dubai’s real estate market

What Dubai home would be complete without a yoga temple?

Land transactions in Dubai reach AED 30 Billion in the last 5 years