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FINANCIAL NEWS
Dubai Land Department sees property investment grows
19 Jan 2016
(MENAFN) The Dubai Land Department (DLD) claimed that the amount and value of money put into Dubai’s real estate market from its entire major source markets increased in 2015.
Accordingly, the amount of real estate investment trade in Dubai last year expanded USD 36.74bn, which was 24 percent higher than USD 29.67bn of transactions in 2014.
Investments by GCC nationals for 2015 reached USD 11.97bn, with Emiratis responsible for USD 7.10bn, while investments by Saudis increased by 73 percent.
In addition, Non-Gulf Arab’s also enlarged their investment by a third to USD 4.35bn, while investments from other, non-Arab nationalities climbed by 16 percent.
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