Dubai’s real estate market witnesses a surge in female property buyers
The number of Female Property Buyers investing in real estate in Dubai increased dramatically in 2022, with 26,698 female investors recording 33,419 transactions totalling more than AED 58.8bn (16bn) during the previous year.
It reflects an increase in volume and value of 53% and 50.7%, respectively, from 2021.
In 2022, there were more women investors than there were in 2021, according to data from the Dubai Land Department.
More Female Property Buyers in Dubai’s Real Estate Market
According to Emirate’s news agency WAM, the increasing investments made by women in Dubai’s real estate market represent the leadership of the UAE’s ambition to enable women to engage in a variety of societal and economic arenas.
Also encouraging women to invest in the local market is the Emirate’s regulatory framework, which provides vital protection for investments.
Dubai’s promising economic future, resilience to regional and global changes, and first-rate infrastructure.
Women investors have increased as a result of the industry’s capacity for long-term expansion and some of the finest returns on real estate investments worldwide.
Women are poised to play a crucial role in achieving the goal of the Dubai Economic Agenda D33.
The Dubai Economic Agenda was recently announced by Sheikh Mohammed bin Rashid Al Maktoum, The Ruler of Dubai.
The goal is to double the size of the emirate’s economy by 2033.
This will be possible through the participation of women across economic sectors and the growing gender balance in organisations.
With annual transactions establishing new records, Dubai’s real estate market finished another spectacular year.
With 122,658 real estate sales worth AED528 billion in the emirate in 2022, annual real estate transactions for the first time exceeded the AED500 billion mark.
Women had more than just financial roles in the real estate industry.
In addition, they made contributions to the industry as builders, brokers, and employees.
According to DLD data, women made up 34.8% of registered real estate brokers.
A total of 8,606 transactions totalling AED696m were facilitated by 4,519 women brokers.
Women make up 42% of the entire workforce at the Land Department, and they are crucial to fulfilling the mission of the organisation at all levels and in all fields.