Dubai, UAE — The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion ($172 billion) in 2023.
The value of transactions increased by 20 percent and the number of transactions surged by 36 percent. Real estate investments’ value grew by 55 percent during the same period, reaching approximately AED 412 billion.
There were 157,798 investments attributed to 113,655 owners, including 71,002 new investors, indicating a 20 percent increase. Additionally, the percentage of non-resident investors rose to constitute 42 percent of the total new investors, said Marwan bin Ghalita, Acting Director General of the DLD.
GCC, Arab, and foreign investors
According to the annual figures released by DLD, 7,449 Gulf investors accounted for 10,441 investments valued at AED30.75 billion. Arab investors added up to 13,248, injecting over AED29.23 billion into 17,047 investments. Foreign investors contributed AED276.28 billion with 90,753 of them buying into 122,937 investments.
Women continue to make their presence increasingly felt in the real estate sector in Dubai. In 2023, the number of female investors reached 38,059 and they brought in AED90.5 billion across 46,725 investments. This marks a growth of 53.9 percent in terms of value, 42.5 percent in the number of female investors, and 39.8 percent in the number of investments compared to 2022.
