Dubai Land Department issues 9,047 permits, 6,479 licences in 2022

The Dubai Land Department issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, reflecting a growth of 46.6 per cent and 53 per cent respectively from 2021, according to statistics released by the department.

The high growth in permits and licences reflected the growing demand from real estate investors across the world driven by Dubai’s strong growth outlook and the prospects of high returns in the local market.

Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021.

The highest number of permits

The highest number of DLD permits in 2022 were issued for online ads with 7,947 permits, followed by classified ads (180), outdoor advertisements (164), vehicle advertisements (140), billboards (138), open-day announcements (95), text messages (84), real estate promotion platforms (75), printed advertisements (50), and project launch ceremonies (38), according to the Dubai Media Office.

Permits were also issued for real estate seminars, promotional campaigns, real estate exhibitions, advertisements and newspapers, among others.

The highest number of DLD licences were issued to brokerages buying and selling real estate (2,308), followed by real estate leasing brokerages (1,570), transaction follow-up services (1,273), administrative supervision services for real estate (491), buying and selling land and real estate (299), real estate development (161), and commercial complexes (117).

Other key categories in which licences were issued included jointly-owned property management services, mortgage brokers and shopping centres, among others.

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