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English news

22-Jan-2017

Dubai real estate sees strong start to 2017, according to DLD numbers

Dubai Land Department (DLD) has announced it had registered AED12bn (USD3.3bn) worth of property deals in the first 15 days of 2017; AED7.5bn in land transactions (over 520 transactions), AED2.8bn in individual unit sale, and AED682mn in completed buildings. Top three sales areas were Al Satwa (13 land transactions worth AED271mn), Wadi Al Safa 3 with (74 building transactions  worth AED129mn) and Burj Khalifa area (156 unit sales worth AED483mn). The largest investment transaction registered during the 15-day period was related to a land plot in the Zabeel 2 area, worth AED584m, followed by two plots of land in Al Markaz Al Tujari 2 (AED433mn) and Jebel Ali (AED113.8mn), according to DLD. (Arabian Business)

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