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• Authority records AED 130 billion sales

• Business Bay, Al Yafra 2 and Al Yalayis 2 are the most invested areas
  
  Dubai, UAE, January 09, 2016: Dubai Land Department's (DLD) annual report issued by Real Estate Research and Studies Department has announced that the total amount of real estate transactions recorded in the emirate last year exceeded AED 267 billion, through 63719 transaction, showing an 8% increase compared to last year and that the sales acquired 49% of the total.
  
  Commenting on the results, HE Sultan Butti Bin Merjen, Director General of DLD, said: "These quarterly reports issued by our experts assure that the Dubai market has reached a stage of wise maturity and rational dealing with the requirements by the various sides in the real estate market. If we look at the moves that have been recorded over the past year details, we can see clearly the optimal policies followed by senior developers to diversify their products and put forward their proposals to acquire full confidence on the part of customers and investors,"
  
  Bin Mejren added: "The market has become has become more innovative, inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, and the developers were keen to boost the new projects with facilities that aim to satisfy the residents. Keeping this momentum for years, proves that the real estate market in Dubai is able to continue to attract investors from around the world, which means that it is still likely to maintain sustainable growth again for years to come."
  
  In details, the report reveals that the sales crossed the 48,000 transaction with a total value of AED 130 billion, while mortgages crossed 12,000 with a total value of AED 117 billion.
  
  Sales and mortgages relating to land transactions recorded more than AED 194 billion from the total real estate figure for 2015, with the total of 16,751 transactions. The commercial lands (already built on) acquired the lion share in terms of value for the type of land with 40% in total. Looking at the value of transactions by the buildings and units, we find that the transactions exceeded 46,968 transactions with a total value of AED 72 billion during 2015.
  
  The "Al Yafra 2" area of Dubai was revealed to be the most attractive for investors, with the value of its transactions from sales of lands reaching AED 3.285 billion through 1563 sale transaction. This was followed by "Al Hebeya 3" with a total of 1360 sale transaction worth of AED 3.950 billion, where "Al Yafra 3" followed with 926 transactions worth AED 1.710 billion.
  
  Business Bay took first place in unit's sales, with 3212 transaction with the value of AED 4.953 billion, followed by "Al Hebiya 4" with 3080 transactions with the value of AED 2.573 billion, while Dubai Marina came in at third with 3059 transactions with the value of AED 6.240 billion
  
  With regards to buildings, "Al Yalayis 2" were the most prominent with total of 1022 transaction with the value of AED 1.354 million, followed by "Al Yalayis 1" sales with total of 425 transaction with the value of AED 785 million, while "Sheikh Mohammed Bin Rashid Gardens" came in third with total of 371 transaction with the value of AED 1.007 billion.
  
  "Al Barsha South 1" came on top in terms of mortgages transactions for lands, with 387 mortgage transaction with total value of AED 415 million, followed by "Al Thunaya 5" with 399 mortgage transaction with total value of AED 1.377 billion, while "Al Thunaya 4" came in third with 249 mortgage transaction with total value of AED 1.902 billion.
  
  "Dubai Marina" came on top in terms of mortgages transactions for units, with 927 mortgage transaction with total value of AED 1.788 billion, followed by "Business Bay" with 814 mortgage transaction with total value of AED 1.821 billion, while "Al Thunaya 4" came in third with 739 mortgage transaction with total value of AED 911 million.
  
  In terms of buildings, "Al Thunaya 4" came on top in terms of mortgages transactions, with 284 mortgage transaction with total value of AED 526 million, followed by "Wadi Al Safa 6" with 175 mortgage transaction with total value of AED 349 million, while "Al Barsha South 4" came in third with 92 mortgage transaction with total value of AED 158 million.