Wednesday 6 May 2015

Dubai real estate transactions fall by more than 50% | The National

Dubai real estate transactions fall by more than 50% | The National:



"The total number of property transactions in Dubai halved last month compared with a year earlier as the market slowdown continued.



According to the latest figures from the Dubai Land Department, the total number of transactions in the emirate plunged 51.8 per cent to 7,311 last month compared with April 2014.



The total value of transactions last month was Dh35.3 billion – down 37.1 per cent on the previous year."



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