In 2023, the Dubai Land Department (DLD) marked its strongest performance yet, recording 1.6 million transactions totaling AED634 billion. This represents a significant 16.9% growth compared to 2022.
Marwan bin Ghalita, Acting Director General of DLD, highlighted the department’s commitment to supporting Dubai’s economy, aiming to become the world’s most active. Real estate transactions surged, with a 20% increase in value and a remarkable 36% rise in the number of transactions. Notably, real estate investments saw a staggering 55% growth, reaching approximately AED412 billion, with 71,002 new investors contributing.
Foreign investors played a crucial role, contributing AED276.28 billion. Furthermore, female investors saw a significant increase, with 38,059 participating in 46,725 investments, reflecting a 39.8% increase compared to 2022.
The remarkable performance underscores Dubai’s resilience and its ability to attract both domestic and international investors. With a focus on sustainability and future readiness, DLD remains dedicated to providing seamless services for the real estate industry’s growth.