Dubai leads global real estate recovery

Sunday, 6 June 2021 at 05:53

By ARN News Staff

Dubai is in the lead when it comes to global real estate recovery after the COVID-19 pandemic.

According to the Dubai Media Office, the emirate recorded AED 50 billion in property transactions during the first five months of this year.

This is double the figure recorded last year.

Meanwhile, record real estate deals were also witnessed during the first five months of 2021 thanks to the city's effective handling of the pandemic.

#Dubai leads global real estate recovery after Covid-19 pandemic pic.twitter.com/c89Z5VR4we
— Dubai Media Office (@DXBMediaOffice) June 5, 2021

More from Business

Emirates Groups announces AED4.1 billion pre-tax profit in H1 2026

The Emirates Group has posted a profit before tax of AED 4.1 billion ($1.1 billion) for the first six months of 2026-27, despite disruptions and high fuel prices due to the regional conflict.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back

Pixar Animation Studios announced on Wednesday that veteran Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership ahead of his eventual retirement.
DIP Holding places final IPO price

The final offer price for DIP Holding’s initial public offering (IPO) has been set at AED 1.12 per share following stronger investor demand.
Gulfood Manufacturing brings global industry leaders to Dubai

Food security, domestic production and supply chain resilience are taking centre stage in Dubai as Gulfood Manufacturing 2026 brings together manufacturers, technology providers and industry leaders from around the world.
ADNOC Gas signs five-year LNG supply agreement with TotalEnergies

ADNOC Gas and its subsidiaries on Tuesday announced a five-year liquefied natural gas (LNG) supply agreement with TotalEnergies for up to 1.6 million tonnes of LNG.

News

H.H. Sheikh Mohammed honours Government Excellence Award winners
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has attended a ceremony honouring government entities, leaders and professionals for their distinguished performance.
UAE marks three years of Operation Chivalrous Knight 3
The UAE is marking the third anniversary of Operation Chivalrous Knight 3, launched on November 5, 2023, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to provide humanitarian assistance to Palestinians in the Gaza Strip.
Liwa gears up to host major showcase of UAE military capabilities
The UAE's Armed Forces will showcase their capabilities and combat readiness during the 11th Union Fortress military parade in Liwa City this December.

Dubai leads global real estate recovery

More from Business

News

Our Shows

Quick Links

Listen on the Go

Dubai leads global real estate recovery

Share

More from Business

News

Our Shows

Quick Links

Listen on the Go