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FINANCIAL NEWS
Dubai’s DIP transactions grow 50 percent in Q1
18 Jun 2014
(MENAFN) Dubai Investments Park (DIP), the largest integrated commercial, industrial and residential community in the Middle East, saw a 50-percent growth in transaction for transfer and sub-leasing in the development in the first quarter of 2014, according to Khaleej Times.
Number of transactions reached 367 in March, while in February 367, and 260 in January, compared to December alone which posted more than 400 transactions, of which 381 sub-leasing and 19 transfers.
Omar Al Mesmar, DIP general manager, said: “The positive impact of the Expo 2020 is already visible and we are confident that we will be able to accelerate our growth in the coming months and years. Our proximity to the Expo 2020 site is a major advantage for prospective investors, and the increased demand for our properties is testimony to this.”
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