Government decisions boosted investor confidence and supported the attractiveness of the real estate sector
Dubai Land Department (DLD) has revealed that real estate transactions in Dubai for the first half of 2018 (H1 2018) reached AED 111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s real estate investments underscore the leadership’s mandate to ease business processes and procedures.
According to the report issued by DLD’s Department of Real Estates Studies & Research, H1 2018 recorded a total of 27,642 transactions, 18,191 sales worth about AED 40 billion, 7,668 mortgage transactions worth over AED 57.6 billion, and 1,783 other transactions valued at AED 13.4 billion.
Top 10 attractive areas:
In the list of top 10 areas in terms of the numbers and values of real estate transactions in the Dubai market during H1 2018, Business Bay topped the list with 1,934 transactions worth almost AED 4.2 billion, followed by Dubai Marina in second place with 1,445 transactions worth AED 2.9 billion, and Al Merkadh ranking third with 1,262 transactions valued AED 2.1 billion.
The remaining seven areas went to Al Barsha South Fourth, Al Warsan 1, Jebel Ali First, Al Hebiah Fourth, Al Thanayah 5, Burj Khalifa and Al Yelayiss 2.