FINANCIAL NEWS

Dubai’s property market posts USD15.45b worth of transactions in 2012

26 Mar 2013

(MENAFN) The Dubai Land Department (DLD) announced that investments in the emirate’s real estate sector rose to USD15.45 billion last year, up from USD12.89 billion in 2011, reported Gulf News.

The department said that the number of investors however fell to 21,310 in 2012, compared with 24,657 in the previous year.

It added that in the year, the best-selling units were Burj Khalifa, with 1,026 sales deals, followed by Al Thaniya area 5, with 803 deals and Dubai Marina, with 709 property deals.

Meanwhile, the main selling areas in terms of land plot were Barsha South 5, which recorded 262 deals, Wadi Al Safa 6, with 247 deals and Wadi Al Safa 5 with 237 transactions.

It is worth noting that the number of property investors in Dubai was 27,785 in 2010, with investments of USD13.66 billion.

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