In terms of apartments and villas, among the top three properties were:
- in Business Bay for AED 175M (USD 47.6M)
- in Al Nahda First for AED 97M (USD 26.4M)
- in Al Nahda Second for AED 90M (USD 34.5M)
Moreover, 63 properties, worth AED 265M (USD 72.1M), were gifted between first-degree relatives. The total value of mortgaged properties was AED 1.53B (USD 416M). The most expensive mortgaged property was a plot of land in Saih Shuaib 2 worth AED 204M (USD 55M).
Buying a residential unit in Dubai is an ideal investment tool. Renting a property out will bring you a stable passive income. Another option is to purchase off-plan real estate and resell it at a higher price after the completion of the project. Recently launched projects that have attracted the attention of foreign and local investors include Golf Greens in DAMAC Hills, Sobha SeaHaven in Dubai Harbour and South Bay in Dubai South.