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FINANCIAL NEWS
Dubais real estate transactions of USD1.36 billion
01 Oct 2013
(MENAFN) Dubai Land Department (DLD) reported that transactions in the real estate sector in Dubai registered the highest rate in a single day reaching the USD 1.36 billion mark, according to Khaleej Times.
The emirate will raise transfer fee by 2 percent on all types of real estate transactions, except for the industrial sector, beginning from October 6 of the current year.
The new registration fee in the emirate will be 4 percent instead of 2 percent in order to lessen speculation.
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