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Dubai real estate transactions up 20pct in 2011

Posted on 03 January 2012

Total real estate transactions in Dubai rose by 20 percent in 2011 compared to the previous year, the emirate’s Land Department said. Transactions reached 35,297 and were valued at around AED143bn ($38.9bn) last year in Dubai. The transactions include sales, mortgages, ijarah, mortgage portfolios, deferred sales and other transactions.
Sultan Butti bin Mejrin, director general of the Land Department, said the figures for 2011 represented a 20 percent increase in the value of transactions compared to 2010………………………………………..Full Article: Source


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