Considering the COVID-19 issues, the Dubai property market is on a steady development trajectory. From January to April 2021, the City of Wonders logged 25,455 real estate deals worth Dhs92 billion, reflecting a 51% rise in terms of the number of deals and a 72% rise in comparison to the value over the same period in 2020.

As per the Dubai Land Department (DLD) real estate newsletter titled ‘Real Estate Updates,' the real estate industry demonstrated resilience and the capacity to adjust to changing conditions and advancements.

As per the newsletter, the emirate's real estate industry would keep attracting more property investors due to its robust infrastructure and appealing investment prospects. From January to April 2021, 8,749 new investors joined the market, contributing to 65% of the total number of real estate investors enrolled over this period, indicating a 54% increase over the same period in 2020.

As per the bulletin, the overall value of real estate deals over the aforementioned period reached Dhs36 billion, 44% growth over the same time in 2020. This reaffirms the strong pace of circulation of real estate investments since the commencement of the year, which enhances the faith of both local and foreign investors.

From January to April 2021, 187,949 Ejari deals were reported, with 58% new contracts and 42 % renewal contracts.

The newsletter identified the top five investor-attractiveness locations. Villa sales in April 2021, Hadaeq Sheikh Mohammed Bin Rashid topping the list, followed by Palm Jumeirah, Wadi Al Safa 5, Wadi Al Safa 7, and Al Yelayiss 2. Dubai Marina, Burj Khalifa, Palm Jumeirah, Business Bay, and Al Thanyah Fifth took the top spot of apartment sales in April 2021.

The real estate industry is anticipated to see enhanced growth and recovery in the next year as a result of Dubai's Supreme Committee of Crisis and Disaster Management's approval to present electronic permit applications for all types of business activities, and the fast-approaching date of Expo 2020, that will captivate tourists and visitors from across the world providing a fantastic chance for the real estate industry to expand its regional and worldwide position.

The Dubai Economy's Business Registration and Licensing (BRL) sector released 15,475 new licenses in the first quarter of 2021, a 19% increase over the first quarter of 2020 when 13,027 licenses were issued.

This demonstrates the durability of Dubai's business climate, and the emirate's economic competence and capacity to attract companies from a variety of industries.

In the first quarter of 2021, 58% of new licenses were professional (8,935), 41% were commercial (6,290), and the balance was divided among tourist and industrial sectors.

In terms of new license allocation by area, Bur Dubai has the highest share (8,220), followed by Deira (7,236) and Hatta (7,236). (19). Al Fahidi, Burj Khalifa, Al Khabaisi, Port Saeed, Trade Centre 1, Al Marar, Al Barsha 1, Naif, and Riggat Al Buteen are its top sub-regions.

In the first quarter of the year, 99,887 company registration and licensing exchanges were completed, an increase of 8% from 92,325 in Q1 2020, illustrating the importance of the Dubai Economy in providing value-added services to the public in Dubai.

License Renewal contributed for 38,090 transactions in Q1 2021, a 4% increase over Q1 2020. (36,484). This highlights the advantages of the economic stimulus package introduced by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, that enables for the renewing of business licenses without the need for a leasing contract.

Auto-Renewal by text messaging contributed for 20,923 during Q1 2021, a 16 % increase over Q1 2020. (18,061). The overall number of Trade Name Reservations was 17,397, the total number of Initial Approvals was 13,914, and the total number of Commercial Permits was 3,077.

Dubai's Economy emphasized the need for collaboration between the public and private sectors.  Under the dynamic leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the private sector contributes to economic growth by introducing competing and value-added proposals.