Wednesday 25 January 2012

Capital property deals top Dh42.9bn - The National

More than Dh42.9 billion ($11.6bn) in property transactions were registered in the capital last year, the Abu Dhabi Municipality said.

Of that total, Dh3.7bn involved land sales and Dh39.1bn concerned mortgage transactions, it said. It did not offer historical comparisons. Registration dates do not necessarily reflect when the property was actually sold.

Municipality officials could not be reached for comment.

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