{"id":1585,"date":"2022-08-29T14:16:00","date_gmt":"2022-08-29T12:16:00","guid":{"rendered":"https:\/\/dubairealestate.net\/?p=1585"},"modified":"2026-07-02T11:39:03","modified_gmt":"2026-07-02T09:39:03","slug":"2021","status":"publish","type":"post","link":"https:\/\/dubairealestate.net\/en\/chiffres-immobiliers\/2021\/","title":{"rendered":"Dubai\u2019s property figures for 2021"},"content":{"rendered":"
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The property market in the United Arab Emirates experienced the fastest growth in the EMEA region in 2021, and nearly 80 % of property professionals are convinced that the UAE property market will continue to gain momentum during thethe current year.<\/p>

Whilst the UAE\u2019s ultimate aim is to position Dubai as the world\u2019s leading tourist destination and global trade hub, the Tourism Board\u2019s mission is to raise its profile amongst the international public and attract foreign tourists and investors to this futuristic El Dorado.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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2021: an unprecedented record year\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The figures speak for themselves. The\u00a0Dubai property market<\/a> proved remarkably resilient during the pandemic.\u00a0<\/p>

Having been in decline since 2017, the UAE economy has been severely weakened by the Covid-19 pandemic due to the collapse in oil prices, given that the government\u2019s revenue relies predominantly on hydrocarbons. As a result, the UAE\u2019s GDP contracted by 6.1 per cent in the third quarter of 2020.<\/p>

The pandemic has also hit the non-hydrocarbon sector hard; this sector relies mainly on services (tourism, property, retail, air and sea transport), with Dubai at its forefront. The non-oil sector thus recorded a contraction of 6.2% in 2020.<\/p>

Nevertheless, the country\u2019s economic fundamentals have remained strong thanks to Abu Dhabi and a gradual recovery in economic activity. In the final quarter of 2021, the United Arab Emirates\u2019 property market experienced record growth since the start of its expansion.<\/p>

In November 2021, Dubai recorded its best month for sales ever, with a total of 6,989 transactions worth 17.95 billion dirhams.<\/p>

In terms of transaction volumes, Dubai recorded a total of 60,900 for 2021, representing an increase of 75 % compared with 2020 and an increase of 55 % compared with 2019.<\/p>

This trend can be attributed to a number of key factors in 2021:<\/p>

\u2013 The authorities in Dubai have responded particularly well to the Covid-19 crisis, and the situation was brought under control swiftly with\u00a0a mass vaccination programme from the very start of the pandemic<\/strong>. As for the health protocols, these were generally adhered to by both the local population and tourists.<\/p>

\u2013 A\u00a0a dramatic rise in the number of estate agents<\/strong>\u00a0around 57%, working for more than 1,800\u00a0estate agents in Dubai<\/a>.<\/p>

\u2013 The\u00a0support for the World Expo<\/strong>, which began in October 2021. An event that led to a surge in tourist numbers.<\/p>

\u2013 A\u00a0unprecedented demand from global investors<\/strong>\u00a0looking for alternative options for residence and citizenship in the wake of the upheaval and uncertainty caused by the COVID-19 pandemic.<\/p>

\u2013 The\u2019strong demand for luxury properties<\/strong>\u00a0where the volume of sales of flats worth more than 10,000,000 AED has\u00a0increased by 235 %<\/strong>\u00a0compared with 2021 and 115 % compared with 2013.<\/p>

Some figures on\u00a0the trend in the number of sales recorded<\/strong>\u00a0for 2021 in Dubai, by property type (according to the Dubai Land Department):<\/p>

39,600 flats<\/strong>\u00a0(+60,981 TP3T compared with 2020)
8,700 villas<\/strong>\u00a0(85,691 TP3T compared with 2020)
2,400 commercial premises<\/strong>\u00a0(103,71% compared with 2020) 10,300 plots (115,53% compared with 2020)<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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A closer look at property price trends in Dubai in 2021\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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It is important to note that the Dubai property market in 2021 is characterised by three major trends: a rise in demand for luxury flats, a massive increase in villa sales, and a sharp rise in rental prices across the city.<\/p>

It has thus set new all-time records, including the highest sales value ever recorded \u2013 over 150 billion AED \u2013 and one of the highest sales volumes since 2013, with more than 60,500 properties.<\/p>

It was also the best year ever in terms of off-plan property sales, with 25,000 properties sold throughout 2021.<\/p>

It is also worth noting the highest volume of villa sales ever recorded in Dubai\u2019s history, with around 7,580 off-plan villas and 6,000 resale villas. As for flats, a record has also been set here since 2013, with sales figures soaring to 39,570 flats.<\/p>

In addition to this, more than 35,000 properties have been completed and a further 21,500 have been launched. More than 55,000 properties are scheduled for completion in 2022.<\/p>

As a result, the property market in Dubai has bounced back and has outperformed expectations by a wide margin.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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A global event, but one that is having an impact on property prices in Dubai\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The year 2021 saw\u00a025,280 off-plan transactions<\/b>, representing an increase of 51 % compared with 2020, whilst transactions in ready-to-move-in properties rose by 92 % compared with 2020 to reach\u00a036,400 transactions<\/b>. F\u00e4m Properties recorded more than 35,000 unit handover in 2021. Emaar topped the rankings with 20%, followed by Damac with 16% and Dubai Properties with 4%.<\/p>

We have therefore set out the main investment areas that have been particularly popular with investors in 2021:<\/p>