Dubai’s Real Estate Transactions Reach USD 36 bn in H1

Dubai’s Real Estate Transactions Reach USD 36 bn in H1

The total value of Dubai’s 35,571 real estate transactions in the first half of 2017 rises by 16.8%, Invest-Gate reports. Real estate transactions were valued at USD 35.9 bn, according to a report released by the Dubai Land Department’s (DLD) H1-17 Transactions Report.

A total of 25,864 were sales transactions valued at more than USD 17 bn and 7,893 were mortgage transactions worth USD 16.3 bn, while other transaction types stood at 1,814 with a total value of USD 2.5 bn.

Emirati nationals topped the list of investors for H1-17, followed by Saudis. Meanwhile, Egyptians and Jordanians led the list of Arab investors outside the GCC region.

Dubai Marina was the top area in terms of number of transactions seen during the period, followed by Business Bay, Al Barsha South 4, Jebel Ali, and Al Thaniya.

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.


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