Dubai Real Estate Deals Touch Dh113 Bln. Business Bay and Marina favourites

Dubai Real Estate Deals - Business Bay and Dubai Marina

Total real estate transactions in Dubai touched Dh113 billion in the first six months of 2016 after recording Dh55 billion in the first quarter.

In a transaction report, issued on Tuesday, Dubai Land Department (DLD) said a total of 28,251 sales, mortgages and other transactions were registered during the period with property sales and mortgages – both contributing 43 per cent individually – amounting to Dh48.715 billion (over 20,000 transactions) and Dh48.366 billion (6391 transactions), respectively. Another 1,844 transactions totalled Dh16 billion.

Sales relating to land transactions touched Dh27 billion from 4,753 transactions, while mortgages for land registered 2,377 transactions of Dh42.751 billion. Other transactions (422) were valued at Dh14.399 billion, as total land transactions reached Dh84 billion.

In terms of the total value of transactions by buildings and units, 20,699 transactions were registered, valued at Dh28 billion. Building sales reached 1,125 transactions worth Dh3 billion, while unit sales crossed Dh24 billion from 19,033 deals. On the other hand, 488 mortgage transactions were completed for buildings valued at over Dh1 billion, and unit mortgage deals numbered 3,526 worth Dh4.5 billion.

Business Bay took first place in the list of unit sales, totalling 1,643 transactions of Dh2.349 billion, followed by Dubai Marina with 1,392 transactions worth Dh2.893 billion. Warsan 1 came in at third with 999 transactions worth Dh454 million.

Seeh Shuaib 1 was the most attractive for investors, with the value transactions from land sales reaching Dh2.364 billion through 1,227 deals. This was followed by Sheikh Mohammed Bin Rashid Gardens with a total of 406 deals of Dh1.971 billion, followed by Al Yafra 3 with 387 transactions of Dh622 million.

On the growth track

DLD Director-General Sultan Butti Bin Merjen said: “Dubai has achieved a high percentage of growth, with the value and the number of real estate transactions, which provides reassurance about the positive development that the property market is witnessing, and proves the attractiveness of the emirate’s real estate. Such periodic reports ascertain a number of facts which substantiate DLD’s commitment to high standards of transparency and credibility, which helps developers and investors to formulate long-term strategies.

“These figures substantiate Dubai’s position as a foremost attractive destination for investments across the region and around the world,” he added.

Content courtesy : emirates247.com

Apartment for Sale in London - Centurion Court South Woodford East London
Make an Enquiry
verification image, type it in the box
Latest Properties in Dubai

Studio Apartment in Claren 1 Downtown

Price : AED 1,375,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Back to Back Mira - 3 Type 2 M for Sale

Price : AED 1,950,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

5 Bed Townhouse in Palma Residences Palm

Price : AED 8,700,000
5
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Amazing 4 Bedroom Townhouse For Rent in Mudon

Price : AED 180,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea view 2 bedroom in Viceroy Palm Jumeirah

Price : AED 3,600,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Outstanding 2 bedroom with maids in Viceroy

Price : AED 4,500,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea view , high floor 1 Bedroom apartment

Price : AED 2,800,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Luxury and furnished 2 bedroom with maids

Price : AED 4,440,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Luxury 3 bed with maids high floor sea view

Price : AED 4,800,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea facing and luxury furnished 1 Bedroom

Price : AED 2,500,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Landscaped 4 Bedroom Townhouse For Rent in Mudon

Price : AED 180,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Spacious 1 Bedroom at Executive Tower K

Price : AED 1,500,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Biggest Plot|3 Bedroom Independent Villa for Sale

Price : AED 3,850,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Biggst Plot|3 Bedroom Independent Villa for Sale

Price : AED 4,100,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea facing studio apartment with 12 % ROI

Price : AED 1,710,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah
Dubai South - Tenora Hotel Apartment for Sale Next to Expo 2020 Site and Al Maktoum International Airport