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 >> Real Estate Retail

 
  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 6320 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
Coty Inc. Introduces James Molloy as Rimmel London's New Global Make-up Ambassador
AIGNER Iridescence
Lipstick shades to suit your hair colour from Lipstick Queen
Top 5 Autumn/Winter Beauty Trends
LG DUALCOOL Air Conditioner Builds a Tower of Chocolate
Dune London: The Autumn/Winter17 campaign
India's famous fashion designer Suneet Varma brings his collections to Dubai
DS Podium GMT Chronometer: Because time knows no borders
Corum Heritage Diphylleia - The 'skeleton flower' blooms in a bed of diamonds an...
Marks & Spencer Introduce the Autumn/Winter 17 Womenswear Collections
Jaguar E-type Zero: “The Most Beautiful Electric Car in the World”
Contour, Highlight and Bronze your Body with Ease with Madame LA LA
Italian Trade Agency Kicks Off F&B Promotional Activities in the UAE
Vintage is the rage for new Chronofighter range
‘Third wave' coffee movement brews big business for Middle East market – forecas...
CITIZEN CA0641-83E Eco-Drive Chronograph exudes sporty elegance
Aster DM Healthcare bags Gulf Business Awards-2017 for the “Healthcare Company o...
Mango Fall/Winter17 - Denim Special
Bollywood sibling divas come together for the new diamond jewellery commercial o...
Panasonic announces robust plans for Middle East under new leadership
RTB House celebrates 1-year anniversary in the Middle East and Africa regions wi...
Ferrari Portofino: the Italian Grand Tourer par excellence
Michael Kors Collection Spring 2018 Fashion Show
CITIZEN opens refurbished boutique at Sharjah City Centre
Shade of Grey: Sirius Flying Regulator Jumping Hour in sophisticated new colour
Ulysse Nardin Presents Classico Zheng He
Carl F. Bucherer Presents Patravi TravelTec Black
SAINT HONORE Charisma “Twist” for elegant lady
Exhilarating new Roger Dubuis pop-up boutique in the US
TAG Heuer's Globetrotter Exhibition Opens in Dubai Mall on September 15, As Part...
'COÉGA'S Got You Covered' in New AW17 SPF50 Family Swimwear Collection
The Longines Avigation BigEye: Aesthetics and tradition in a pilot's watch
British Airways' Top Five Autumn Getaways
Emirates to launch fourth daily service to Sydney, Australia
IPhone 8 and IPhone 8 Plus to Arrive at DU on September 23
Ministry of Climate Change & Environment Organizes 1st Plenary Meeting for the D...
Max Mara: Iconic Coats - Manuela & Teddy.
ADNOC Distribution Announces New Retail Price of Unsubsidized LPG for Month of S...
Curtin University opens in the Middle East
Star styles in TKD Lingerie's September surprise sale
64 Brands in the UAE to receive Superbrands title at Annual Tribute Event
Future Living: Dubai Properties to showcase high-powered realty portfolio and pr...
Dubai Culture Takes ‘Dubai Next' to London Design Festival
World Suicide Prevention Day
LG Robots to Connect People for A Better Tomorrow
Materials Handling opens in Dubai featuring 126 exhibitors from 20 countries
Business and academia collaborate at Dubai Science Park to shape the science sector
Robin Singh to launch sports academy in Dubai
Kate Upton, Ashley Graham, Andreea Diaconu, Skai Jackson and more in Michael Kor...
DeLaCour Reflect Tourbillon