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Dubai saw AED 129 billion worth of real estate transactions in H1 2015

August 2015

According to the Dubai Land Department (DLD) the total amount of real estate transactions recorded in the emirate in the first half of 2015 reached AED 129 billion, through 23 thousand transactions.

DLD reveals that sales accounted a total value of AED 53 billion, while the mortgages accounted more than AED 65 billion, leaving all remaining operations with the total value of AED 10 billion.

Commercial lands (already built on) acquired the lion share in terms of value making up 47% in total. Buildings and unit transactions exceeded 15,355 transactions with a total value of AED 20 billion during H1 of 2015.

Most attractive real estate transactions in Dubai:

  • Al Yafra 2: Most attractive in terms of land value worth AED 2 billion
  • Al Barsha South 1: Most attractive in terms of land mortgages worth AED 360 million
  • Business Bay: Most attractive in terms of unit sales worth AED 2.5 billion
  • Dubai Marina: Most attractive in mortgage of units with transactions reaching AED 1 billion