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FINANCIAL NEWS
Positive outlook for UAE’s real estate market
12 Aug 2013
(MENAFN) The Dubai Land Department stated that real estate market is showing signs of improvement as 30.469 transactions took place in the first half of 2013 which were valued at USD29.4 billion, reported Khaleej Times.
The Government of Dubai Land Department announced last month that the value of transactions reached USD14.4 billion as a result of investors’ confidence in the attractive market environment, especially in property market.
It is worth mentioning that improvement in the UAE’s real estate market has been longed for ever since the global financial crisis that hit the world back in 2009 and led many UAE realty companies to bankruptcy.
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