10 real estate development companies in Dubai captured 42.2% of the total real estate sales in the city. This figure is included in a report released by the Dubai Real Estate Development Center.
According to this report, the total value of real estate sales in the third quarter of 2021 was approximately 33.5 billion dirhams, which is a slight decrease compared to the previous quarter.
The report also notes that this decline came as a result of a drop in residential property sales, while hotel and commercial units witnessed an increase in sales. The center has predicted good performance for the real estate sector in the emirate this year, with continued investments and real estate activity.
This acquisition reflects the strong market share of leading real estate companies continuing to dominate and stabilize in the Dubai real estate market, indicating investors' preference to work with reputable and trusted companies in this sector.
