The year 2021 will be remembered as a watershed moment in the Dubai real estate market. It not only recovered, but also set new records thanks to foreign investors, low-interest rates, and strong demand. In 2021, the Dubai Land Department saw a staggering 71% increase in total transactions compared to 2020, shattering a 12-year record. We are delighted & grateful to our customers to announce that Luxury Concierge Real Estate (LCRE), a channel partner with leading property developers in Dubai, for helping us to contributed to this success.
Last year, LCRE clocked sales worth Dh1.3 billion at the Dubai Land Department. Sales with Emaar properties alone stood at approximately Dh383 million, followed by Damac, which was about Dh203 million. Our focus on International market expansion has been the key to our success. We commit to reach out to real estate investors and end users by assuring our continuous services through our multicultural staff , knowledge, expertise, and contacts.
Because of the existing infrastructure, we were able to show investors what Dubai has to offer in terms of a safe, secure, multicultural, and cosmopolitan city. We drew a large number of western investors to Dubai by emphasising the Emirate’s exciting opportunities. As the UAE handled the Covid-19 pandemic admirably, Dubai’s appeal as a real estate investment destination grew. We could finally reap the benefits of all its years of hard work and contacts.
Our relationships with leading developers in Dubai have also served us well. We are now a Platinum Member of Alliance by Emaar, a Chairman’s Club Damac Member, and a Sobha Channel Partner. Indeed, one of the most recent achievements was to become a proud member of the Damac Billion Round Table this year. This connection and access to big-name developers is one of the many advantages prospective buyers get when choosing LCRE. We are Channel Partners with best developers in Dubai that gives buyers more options to choose from. As our name suggests, we are known in the market for luxury properties and big-ticket investments.