Real estate transactions in Dubai at AED390 billion
The total value of real estate transactions in Dubai stood at AED390 billion between January 2016 and July 2017.
A report from the Dubai Land Department (DLD) revealed that about 95,000 deals were completed in the 18-month period.
They also witnessed more than 67,000 transactions for land, buildings and units worth over AED 165.7 billion.
The report also shows that unit transactions topped the real estate scene in terms of numbers, with 63,903 transactions, valued at AED86 billion.
Meanwhile, land transactions ranked highest in terms of value, achieving 22,353 transactions worth more than AED283 billion.