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Dubai Land Department Reveals Total Value Of Real Estate Investments Made During First Nine Months Of 2017
(25 October 2017)

 

Dubai Land Department, DLD, has said that the value of real estate investments made in the first nine months of 2017 exceeded AED84 billion. Over this period, a total of 30,941 investors made 40,543 transactions.

According to a report released today, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED29.5 billion. The Dubai real estate market attracted 5,484 Arab investors who closed 6,806 real estate transactions worth over AED11 billion. There was also high activity among foreign investors, with 17,616 investors making 22,667 transactions worth over AED43 billion.

Sultan Butti bin Mejren, Director-General of DLD, said, "Looking at these figures, we are extremely happy as the real estate market continues to maintain its momentum, driven by a general optimism among Gulf, Arab and foreign investors. The AED84 billion worth of real investments made during this period is also a sign of sustainable growth and the market’s ability to absorb the developer demand for residential, commercial, office and industrial properties. The real estate market is in full harmony with other economic sectors in the city."

Women of a variety of nationalities have been particularly actively involved in the market over this period, with more than 9,000 women entering the market and making a total of 11,000 transactions worth over AED 21 billion.

DLD regularly reveals real estate market activity by issuing daily, weekly, monthly and quarterly reports, as well as a comprehensive report at the end of each year, in order to provide transparent information to the local and international media, and to all who are interested in this sector.

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