Good news for those interested in Dubai property It is reported that the real estate transactions are going through the roof in Dubai. New figures showed cash buyers accounted for more 80% of the value of property sold in the emirate so far this year. The total value for real estate transactions, which included sales of property and land as well as the value of new mortgages, soared to Dhs108 billion ($29.4 billion) in the first quarter of 2013, revealed The Government of Dubai Land Development. That’s a substantial 30 per cent more than the figure recorded at the same point last year, and the Land Department’s director general Sultan bin Mejren predicted that the emirate’s rapidly recovering property market would continue to surge ahead.
Posted on: Thu, 18 Jul 2013 16:32:12 +0000