Women make investments over AED 58 billion in Dubai actual property sector

Published: February 07, 2023

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Dubai’s actual property sector noticed a marked rise within the participation of ladies in 2022.

A complete of 26,698 feminine traders registered 33,419 actual property investments value over AED 58.8 billion previously 12 months within the emirate, rising 50.7 per cent in quantity and 53 per cent in worth from 2021.

The variety of ladies investing within the sector in 2022 elevated 50.8 per cent from 2021, in response to Dubai Land Department (DLD) knowledge.

The rising investments by ladies replicate the imaginative and prescient of the UAE’s management to empower ladies to take part in numerous spheres of life and financial sectors.

With the rising participation of ladies throughout financial sectors and the rising tradition of gender stability in organisations throughout the emirate, ladies are set to play an important position in attaining the target of the Dubai Economic Agenda D33 introduced just lately by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to double the scale of the emirate’s financial system by 2033.

Dubai’s actual property sector ended one other distinctive 12 months with annual transactions setting new information, marking the sector as a serious contributor to the objectives of D33.

Annual actual property transactions within the emirate crossed the half-a-trillion dirham milestone for the primary time with 122,658 actual property transactions in 2022, valued at AED 528 billion.

The position of ladies in the actual property sector was not restricted to investments.

They additionally contributed to the sector as builders, actual property brokers and members of the sector’s workforce.

DLD’s knowledge additionally confirmed that ladies accounted for 34.8 per cent of registered actual property brokers.

A complete 4,519 ladies brokers contributed to eight,606 transactions value AED 696 million.

Constituting 42 per cent of complete staff within the Dubai Land Department, ladies play instrumental roles throughout sectors and ranges in delivering the organisation’s mandate.

Source web site: www.dubai92.com