Dubai Real Estate :
Dubai is a city with an abundance of work opportunities, free access to the beach and 300 days of sunshine per year! It is also an emirate full of record-breaking sights such as the Burj Khalifa or the Burj Al Arab and record-breaking experiences like Dubai Mall or Skydive Dubai. Apartments in Dubai for rent are available to members of all nationalities and income groups as long as they possess a valid visa and passport. As a global melting pot, Dubai is the place to visit and the ideal location to build a career in a diverse, thriving community.
Dubai saw a 16.8 per cent increase in the total value of real estate transactions conducted in the emirate in the first half of 2017 compared to the same period last year, according to Dubai Land Department (DLD)
Dubai Real Estate
The figures for the first six months of 2017 will be seen as a sign of market recovery for property owners and developers, which have endured more than a year of stagnant or declining rental and sales rates.
The value of transactions for the first half totalled Dhs132bn ($35.9bn) compared to Dhs113bn ($30.7bn) in the first half of 2016. This was also 2.3 per cent more than the Dhs129bn ($35.1bn) recorded in H1 of 2015.
There were also 25.91 per cent more sales, mortgage and other transactions in the period to June 30 from 28,251 last year to 35,571 this year.
This included 25,864 sales transactions worth over Dhs63bn, 7,893 mortgage transactions worth Dhs60bn and 1,814 other transactions worth Dhs9bn.
By category, Dhs91bn and around 8,000 transactions were for land, building sales totalled Dhs10bn across 3,887 transactions and unit sales crossed Dhs31bn and 24 transactions.
“Our report for the first half of this year bears promising results for professionals in the real estate sector, as despite global economic pressures, Dubai has once again reaffirmed its leadership of regional markets and driven renewed growth in the region,” said HE Sultan Butti bin Mejren, director general of DLD.
So, what are you waiting for? Do you need any more convincing about the benefits of buying property in Dubai?
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