- Dubai’s real estate market has proven its resilience and strength as it continues to achieve significant growth.
- Dubai’s iconic landmarks and luxurious properties have contributed to its reputation as a world-class destination for real estate investment.
- Wealthy individuals interested in investing in real estate in Dubai should research and use safe modes of money transfer.
Dubai has emerged as a global leader in the real estate industry, with steady growth in real estate purchases by affluent females that enhances its position as a top global destination.
According to data from the Dubai Land Department, the real estate sector recorded a total of 116,116 transactions worth AED 429.67bn, an increase of 33.8% in transactions and a corresponding 36.7% increase in value.
The Dubai Land Department has played a crucial role in driving this growth through its strategic vision and proactive approach to real estate services.
With a commitment to integrated legislation and data, fostering partnerships and building a world-class digital infrastructure, Dubai is solidifying its status as a leading economic hub.
Data from the Dubai Land Department shows a significant increase in purchases by affluent women – a total of 32,557 purchases worth AED 62.38bn were registered by 27,120 women – highlighting the attractive and inclusive nature of Dubai’s real estate market.
Wealthy females can search for the best international money transfer options to help with their overseas real estate transactions.
According to data for January to October 2023, Al Barsha South Fourth takes the top spot with 10,351 transactions, closely followed by Dubai Marina with 9,071 transactions. Other areas making the list include Business Bay, Wadi Al Safa 5 and Al Mirkadh, among others.
Among the many areas in Dubai experiencing high demand in real estate, Dubai Marina ranked first among the top 10 areas in terms of mortgages, followed closely by other prestigious neighbourhoods such as Al Thanyah Fifth, Palm Jumeirah and Burj Khalifa. Dubai Marina ranked highest for cumulative total of transactions at over AED 36.7bn.
Additionally, the value of mortgages in Dubai has soared, with Jabel Ali First area leading the pack at a value of AED 27.78bn. This highlights the significant investment potential in Dubai’s real estate market, which has attracted high net-worth individuals (HNWIs) from around the world.
HNWIs interested in real estate investment in Dubai and even moving to Dubai for residency from abroad can make a safe money transfer by choosing a reputable money transfer service.
International HNWIs can research the best exchange rates by using our online money transfer comparison tool.
