Dubai property transactions soar 53 per cent on wave of optimism | The National:
"The amount of Dubai property changing hands in 2013 rose by an eye-watering 53 per cent last year to Dh236 billion, according to official figures.
According to new data issued yesterday by the Dubai Land Department, the total amount of property or land in the city which was sold or mortgaged rose from Dh154 billion in 2012 to Dh236bn last year.
The organisation’s Real Estate Sector Development Department said that the number of property transactions taking place in Dubai also rose 52 per cent compared with the previous year to 63,652."
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