Dubai economy and real estate

Dubai economy and real estate

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  • Check out the latest Dubai news: signing of the memorandums, statistics on the number of licenses issued through the e-Trader and Uptown Tower, one of the tallest skyscrapers

One of the tallest skyscrapers in Dubai, Uptown Tower, has topped out at the 329-metre mark.

The steel crown will be put in place during Q2 2022, which will elevate the total height to 340 metres. Completion – Q3 2022

Dubai Land Department has signed memorandum of understanding (MoUs) with 3 real estate portals:

  • Bayut
  • Property Finder

The portals will provide the Department with data on real estate prices by region, including:

  • Buying and selling prices
  • Changing prices depending on the stage of construction

The number of licenses issued through the e-Trader

According to the Dubai Department of Economy and Tourism, the number of licenses issued through the e-Trader platform increased by 6%:

  • 6,217 licenses in 2021 compared to 5,848 licenses in 2020.

This is the highest figure since the platforms' launch in 2017. Sources: Gulf News, Media Office Government of Dubai, The National News

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