Bin Mejren: Real estate investments have exceeded AED 84 billion in value, demonstrating the stability of the market
Women were particularly active during this period as their investments increased to AED 21 billion
Dubai, United Arab Emirates, 25th October 2017: Dubai Land Department (DLD) has revealed that the value of real estate investments made in the first nine months of 2017 exceeded AED 84 billion. Over this period, a grand total of 30,941 investors made 40,543 transactions.
According to the same report, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED 29.5 billion. The Dubai real estate market attracted 5,484 Arab investors who closed 6,806 real estate transactions worth over AED 11 billion. There was also high activity among foreign investors, with 17,616 investors making 22,667 transactions worth over AED 43 billion.
His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: "Looking at these figures, we are extremely happy as the real estate market continues to maintain its momentum, driven by a general optimism among Gulf, Arab and foreign investors. The AED 84 billion worth of real investments made during this period is also a sign of sustainable growth and the market's ability to absorb the developer demand for residential, commercial, office and industrial properties. The real estate market is in full harmony with other economic sectors in the city."
Women of a variety of nationalities have been particularly actively involved in the market over this period, with more than 9,000 women entering the market and making a total of 11,000 transactions worth over AED 21 billion.
DLD regularly reveals real estate market activity by issuing daily, weekly, monthly and quarterly reports, as well as a comprehensive report at the end of each year, in order to provide transparent information to the local and international media, and to all who are interested in this sector.
-END-
About Dubai Land Department:
Dubai Land Department (DLD) was found in May 1960 to establish the most prominent real estate sector in the Middle East and in the world.
DLD provides outstanding services to all its customers whilst developing the necessary legislation to propel the real estate sector in Dubai, organizing and promoting real estate investment, and spreading industry knowledge. DLD seeks regional and worldwide innovation in real estate with the aid of its active organizations that include: Real Estate Regulatory Agency, the regulatory arm, Real Estate Investment Management & Promotion Center, the investment arm, Dubai Real Estate Institute, the educational arm, and Rental Dispute Center, the judicial arm.
Unified Toll Free Number:
In order for Dubai Land Department to provide the best possible service in a rapid manner and to ensure the comfort and happiness of our customers, it has activated a new toll-free call centre number [8004488]. This can be used for all Dubai Land Department and Rental Disputes Center enquiries.