GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • Bin Mejren: The Dubai market is unique in the region and a leader in real estate activity
Dubai, UAE, 8 August 2017: Dubai Land Department (DLD) announced that the total value of real estate transactions exceeded AED 390 billion across 95,000 transactions in 18 months (1 Jan 2016 – 31 July 2017).
Commenting on the results, His Excellency Sultan Butti bin Mejren, Director General of DLD said: “These figures demonstrate an atmosphere of optimism across the real estate market. They also support expert views that emphasize the substantial growth of the real estate market and the maturity it has achieved.
Bin Mejren added that this new achievement in the real estate market is underscored with growing investor confidence, as well as an increase in the investment attractiveness of the Dubai real estate market.
The 18 month transaction report reveals that the real estate market saw a considerable number of sales through 67,409 transactions for land, buildings and units worth AED 165.731 billion. For the same period, mortgages were registered at a value of AED 188.514 billion, achieved through 22,353 transactions, while other transactions saw a total value of AED 36 billion through 6,077 transactions.
The report illustrates that unit transactions have topped the real estate scene in terms of number, and were recorded at a value of AED 86 billion, achieved through 63,903 transactions, while land transactions recorded the highest ranked in terms of value through 24,000 transactions worth more than AED 283 billion. As for buildings, transactions reached 8,000 - worth AED 21 billion.
Bin Mejren concluded: 'The Dubai real estate market is unique compared to the other markets in the region in many aspects, such as the presence of real growth engines as well as other complimentary factors – boosting the demand for the various segments of the real estate market. By examining the current market activities and the expected events and activities related to the upcoming Expo 2020, this momentum will remain in the foreseeable future. We expect the continuation of this bullish wave, in light of the high return on real estate investment and the clear and transparent rules and regulations that govern the market.'


Posted by : GoDubai Editorial Team
Viewed 7094 times
Posted on : Tuesday, August 8, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : AED 21 Billion Worth of Dubai Real Estate Projects Launched Since the Beginning of 2017
Next Story : fäm Properties Tops AED1.3 Billion in City Walk Residential Sales
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Huawei unveils the long-awaited HUAWEI Mate 10 and HUAWEI Mate 10 Pro
Glamazle.com introduces Super Matte ‘Glambry' lip tints for the perfect pout
Level Shoes Hosts Christian Louboutin for “Dear India”
SCTDA ‘My Destination' Program Kicked Off with SUC Students
ICONIC Youth Fashion Show Experience
PUMA X Photographer Gunner Stahl For Autumn/Winter 2017
Diamonds Are Everyone's Best Friend! VOD Dubai International Jewellery Show 2017...
The Rado True Shadow - Limited edition timepiece co-created with Japanese design...
Reinventing Raymond Weil's Emblematic Chronograph - The Refined Swiss Watchmakin...
Beauty Night Is Back at Sheraton Dubai Creek
Glambox.me - Get Glam On The Go
Versace Fall/Winter 2017 Collection
The Lacoste 12.12 Kids Collection
MICHAEL Michael Kors: Fall 2017 Sadie Large Leather Satchel
Dubai Chamber concludes high-level trade mission to Malta
Maserati Merchandise Products
GUESS Launches Stunning Array of Collections for Fall17
Coffee at the touch of a button with ‘Quespresso'
Introducing FitFuse by COÉGA Sunwear
Johnson's Baby Cleans Up the Clutter for Millennial Mums at Exclusive Event
More café re-opens its doors
Humaid Mohammed Al Qatami, Director General, Dubai Health Authority Officially O...
‘brands4u', the biggest factory outlet opens in Reef Mall, Dubai
Renault KOLEOS achieves five-star Euro NCAP rating
Regional Storytelling Takes Centre Stage at DIFF With Muhr Feature Category
40 schools joined the 4th Young Business Talent Hunt 2017
RAYMOND WEIL'S Freelancer Ladies - The Ideal Ally for the Modern Active Woman
Career of Egyptian Writer Wahid Hamed to Be Honoured With Arab Lifetime Achievem...
Airbus and Bombardier Announce C Series Partnership
CNN's Marketplace Middle East uncovers the DIFC's central role in Dubai's econom...
Seagal Shows Off the Stunning Jules Verne Instrument II from Louis Moinet.
Partnership between Roger Dubuis and Emirates Airline Foundation
The Dubai Mall celebrates Diwali with a splash of colour
Trend Alert: Think Pink
Fillerina's 14-day Dermo-Cosmetic Treatment Kit delivers quick and effective fix
Celebrate festival of light at home with your loved ones
Peugeot on the Podium at Rallye Du Maroc: Ready to Tackle Dakar 2018 After a Pro...
F&B October Listings 2017 | Palace Downtown
Kalimat Group Brings Arabic Literature to the Fore at Frankfurt Book Fair
UAE to host the region's first women's only soccer tournament Global Goals World Cup
Join Us if You Dare for a Halloween Scare at Tub of Butter
Dari Home opens in The Dubai Mall
Robinsons Launches the Hall of Fashion and Accessories
Tissot, Official Timekeeper of the 18th Asian Games Jakarta Palembang 2018
Jafza named best free zone in the world for large companies
UAE Exchange Introduces Enhanced Lounge Experience to Deliver Premium Customer S...
First A330neo successfully completes maiden flight
Gulftainer Wins Port and Terminal Operator Award at Seatrade Maritime Awards 2017
World Green Economy Summit (WGES) 2017 to shed light on how smart cities have be...
World Green Economy Summit (WGES) 2017 underlines key initiatives and strategies...