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DLD: 17,289 real estate transactions conducted in H1 2014

: Tuesday, August 19 - 2014 @ 00:38

Total of 17,289 real estate transactions worth Dhs37.5bn were conducted in the first half of this year, Dubai Land Department (DLD) reported. The government organisation accompanied their announcement with a breakdown of nationalities making property investments in the first six months of 2014, which revealed that Jordanians topped the list of Arab investors, with Indian nationals ranked first for foreigner investment, Zawya reported. DLD’s report, issued by its Research and Real Estate Studies Department, revealed that Arab Investors completed a total of 3,058 transactions worth Dhs6,905bn in the first half of this year. Jordanians made 640 transactions to the value of Dhs1,347bn, with Lebanese nationals second on the list of Arab investors through their creation of 459 real estate deals worth a total of Dhs1.235bn. Egyptians came in at third place after being involved in transactions worth Dhs1,009bn.

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Tuesday, August 19- 2014 @ 0:38 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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