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AED4.45 bn in real estate transactions in two months

The realty sector attracted the largest share of liquidity on the country's two main bourses during the first two months of the current year. Up to AED4.45 bn of real estate transactions were conducted in January and February, accounting for 24.4 percent of the total trades, valued at AED18.2 bn, according to official figures obtained by the Emirates News Agency. On Dubai Financial Market, DFM, transactions worth AED3.7 bn have been concluded over the past two months, comprising 33.6 percent of total cash inflows, valued at AED11 bn, according to DFM statistics.

Emaar was the best performer, drawing AED1.86 bn in transactions that ratcheted the property giant's share up to AED4.90, 18.6 percent up from AED4.13 by the end of December.

Emaar Malls came second with AED526 million trades, followed by Emaar Development with AED364 million and Arabtec, AED339 million, with the latter securing 13.6 percent in gains since the beginning of the year.

At the capital's bourse, transactions worth AED7.2 billion have been conducted since the beginning of the year, AED760 million of which went for the property sector.

Aldar topped the list of the best performing shares with AED678 million in trades, ending high at AED1.90 by the end of February, 11.8 percent up from the end of 2018.

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