Dubai’s real estate transactions worth USD30b in H1

24 Jul 2014

(MENAFN) Dubai’s real estate transactions were estimated at USD30.7 billion in the first six months of the current year although deals slowed in the second quarter, according to Arabian Business.

Dubai Land Department (DLD) reported that the deals made in the second quarter reached USD14.15billion compared to USD 16.60 billion in the first quarter, which is 14 percent less.

DLD’s report revealed that sales accounted for 54 percent of the total transactions in the first half, numbering 22,096 deals worth USD16.74 billion.

Mortgages comprised 42 percent of DLD’s dealings over the same period, with a total of 6,922 mortgage transactions worth USD12.87 billion being conducted.

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