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FINANCIAL NEWS
Hamptons posts 41% growth in Dubai property deals in Q1
20 May 2013
(MENAFN) Hamptons, the real estate services company, said that during the first quarter, the number of its property deals in Dubai surged by 41 percent from last year’s same period, reported Arabian Business.
The firm added that in terms of value, property transactions in Dubai jumped by 38 percent, boosted by a growth in activity in the residential sector.
It said that strong demand for homes in established communities will continue to be seen in the year’s second half, noting that demand is also witnessed for properties in other integrated neighborhoods.
It is worth noting that according to Reidin.com, Dubai recorded around 30,000 property transactions in the quarter, worth a total of USD19 billion.
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