Thursday , November 23 2017

Real estate investments in Dubai exceed AED84billion

Dubai copy

DUBAI / Emirates Business

Dubai Land Department (DLD) has revealed that the value of real estate investments made in the first nine months of this year exceeded AED 84 billion. Over this period, a grand total of 30,941 investors made 40,543 transactions.
According to the report, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED 29.5 billion. The Dubai real estate market attracted 5,484 Arab investors who closed 6,806 real estate transactions worth over AED 11 billion. There was also high activity among foreign investors, with 17,616 investors making 22,667 transactions worth over
AED 43 billion.
HE Sultan Butti bin Mejren, Director General of DLD, commented: “Looking at these figures, we are extremely happy as the real estate market continues to maintain its momentum, driven by a general optimism among Gulf, Arab and foreign investors. The AED 84 billion worth of real investments made during this period is also a sign of sustainable growth and the market’s ability to absorb the developer demand for residential, commercial, office and industrial properties.”
Women of a variety of nationalities have been particularly actively involved in the market over this period, with more than 9,000 women entering the market and making a total of 11,000 transactions worth over AED 21 billion.

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