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 and 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 8266 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
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo
Achieve whiter teeth at home with Spotlight Teeth White Strips
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
Noble™ Anti-aging Skin Care Products
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment
UAE National Day celebrated in Skyline Carnival 2017
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
SUC conducted Tour Guide Training Program for SCTDA
Calvin Klein Presents Steadfast Collection
Time for Some AIGNER Love
Mohammed bin Rashid Launches UAE Astronaut Programme
Mido's Multifort Escape - An uncompromising timepiece for exploring new horizons
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Gift gorgeous skin this festive season.
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Eberhard & Co. celebrates 130th Anniversary with special commemorative Edition C...
Coach Women's Lex Stainless Steel Bracelet Watch Collection
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
Together for Egyptian Cinema: A Million happy viewers
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi
BOSS watches presents Navigator Collection
Absolutely Rejuvenated Skin to Start the New Year
Feast your way into the festive season at The Coffee Club
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Ju...
Dubai Land Department Launches its Smart Archiving System
Svelte BU4108-11H dress watch in black and rose gold plating makes an impact
Hottest Smartphone ever! Go get a true luxury phone from HUAWEI
Gourmet Gifting at Tub of Butter
Robinsons National Day Trunk Show
Over 200 developers across India participate in CREDAI's Indian Property Show
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
Ghantoot present 17th Emirates Open Polo Championship International
More Than 6,000 Bears Donated to Toys With Wings & Emirates Red Crescent for Nov...
Epson to showcases the future of large laser display technology at InfoComm MEA 2017
Dubai Customs reaffirms efforts to combat counterfeit goods with Japanese partners
Awqaf and Minors Affairs Foundation, Family Village Celebrate 46th UAE National Day
Automechanika Riyadh turns focus on exciting growth potential of Saudi automotiv...
The Verses of Peace Exhibition begins at the Abu Dhabi World Trade Centre
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Step into 2018 with skinade & slow down the signs of ageing
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Indian realty in revival mode, says industry expert
Strong Airline Profitability Continues in 2018
Cybercriminals Switching to Impersonation Attacks to Bypass Email Security Systems
Phumzile: UN Women uses rigorous methods to monitor and evaluate its programmes