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Dubai: Property transactions surge 20pct

Posted on 12 May 2011

With Dubai’s economy back on track, the emirate’s real estate sector is showing signs of improvement, with the head of Dubai’s Real Estate Regulatory Authority (Rera) revealing that the value of property transactions grew by a fifth in the first quarter of this year compared with the last quarter of previous year.
“The total value of transactions in Dubai in the first quarter was Dh30 billion ($8.2b) with 10,554 transactions, which is up by 20 per cent from Q4 of 2010,” Marwan Bin Ghlaita, the CEO of Rera, has been quoted as saying by newswire Zawya Dow Jones……………………………………….Full Article: Source

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