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Tuesday, 19 July 2016

More Dubai property deals over first six months – but total value lower | The National

More Dubai property deals over first six months – but total value lower | The National:

"The value of property deals transacted in Dubai in the first six months of the year fell despite a rise in the number of transactions.

According to figures from the Dubai Land Department published yesterday, the total value of real estate transactions in Dubai fell 12.4 per cent to Dh113 billion in the first half of 2016 from Dh129bn during the same period a year earlier.

However, the DLD reported that the number of transactions taking place over the period increased by more than a fifth, rising to 28,251 sales, mortgages and other transactions in the first half of 2016 from about 23,000 a year earlier."



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