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FINANCIAL NEWS
Dubai’s real estate transactions up to USD70bn
15 Jan 2017
(MENAFN) The whole amount of real estate transactions posted in Dubai, UAE last year surpassed USD70.5bn, as stated the annual report exposed by Dubai Land Department.
Moreover, the Emirate recorded a total of 60.595 real estate transactions in 2016, while over 41.776 sales transactions took place with a value of Dh103bn.
In addition, the real estate market in Dubai will gain more momentum this year, due to an upward trend for sustained growth in the run-up to Expo 2020.
The country’s real estate sector continued to attract a wealth of investors in 2016, while the sum of real estate investment transactions for the year surpassed Dh91bn.
M
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