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

August 19, 2014 12:38 am

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.