Just in:
Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // Global Audience to Witness Thrill of Dubai World Cup // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // German Job Market Resilience Bodes Well for Economic Recovery // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // US reiterates concern over Kejriwal arrest, Cong accounts // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Emirati Aid Reaches Ukraine as Food Shortages Bite // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Sunshine’s Debut Features Leave Tech World Scratching Its Head //
HomeChannelsFeaturedDubai real estate sees high year-end transaction volume

Dubai real estate sees high year-end transaction volume

dubai skyline marina

|By Arabian Post Staff|

Dubai Land Department (DLD) recorded an unprecedented growth in the last ten days of 2018, Sultan Butti bin Mejren, Director General of DLD, announced. The-transaction volume during the last ten days of 2018 was worth over AED 19 billion through 2,081 transactions.

.Bin Mejren added: “This activity affirms the attractiveness of Dubai’s real estate sector, specifically the demand from buyers and investors who are benefitting from legislation and investment incentives recently announced to make Dubai the preferred investment destination. These recorded transactions within a short time reflect renewed confidence in our real estate market, especially in light of Expo 2020 preparations.”

ADVERTISEMENT

2,081 sales, mortgage, and other transactions worth over AED 19 billion were concluded during the period from 17 – 30 December 2018. These transactions were being recorded daily for over AED 1 billion, peaking on 24 December with transactions worth about AED 3.6 billion.

Referring to the areas in Dubai, Al Hebiah Third ranked first in land sales transactions with 25 transactions worth AED 69 million. In terms of building sales, Wadi Al Safa 5 came in first place with 43 transactions worth AED 65 million, followed by Wadi Al Safa 7 with 20 transactions worth AED 34 million. Al Yelayiss 2 came in third place with 13 transactions worth AED 19 million. Al Thanayah Fourth came in first place regarding building mortgages with 15 transactions worth AED 23 million, followed by Al Yelayiss 2 with 12 transactions worth AED 11 million. Al Yelayiss 1 and Al Barsha South Fourth tied in third place in terms of building mortgages, where the former recorded 5 transactions worth AED 7 million and the latter recorded 5 transactions worth AED 9 million.

In terms of unit sales, Al Warsan First came in first place with 196 transactions worth AED 86 million, followed by Business Bay with 115 transactions worth AED 149 million. Marsa Dubai came in third place with 98 transactions worth AED 161 million. Business Bay came in first place in terms of unit mortgages with 44 transactions worth at a record of AED 326 million. Al Barsha South Fourth came in second place with 34 transactions worth AED 17 million, followed by Al Thanyah Fifth with 26 transactions worth AED 31 million.

When looking at the total sum of all land, building, and unit transactions, Al Warsan First came in first place with 200 transactions worth AED 111 million, followed by Business Bay with 115 transactions worth AED 149 million. Marsa Dubai came in third place with 98 transactions worth AED 161 million. The remaining seven areas went to Al Barsha South Fourth, Wadi Al Safa 5, Burj Khalifa, Al Merkadh, Palm Jumeirah, Hadaeq Sheikh Mohammed Bin Rashid, and Al Hebiah Fourth.

In terms of mortgages, Business Bay came in first place with 45 transactions worth at a record of AED 353 million. Al Barsha South Fourth came in second place with 42 transactions worth AED 79 million, followed by Al Thanyah Fifth with 34 transactions worth AED 61 million. The remaining seven areas went to Al Hebiah Third, Me’aisem First, Al Yelayiss 2, Marsa Dubai, Al Thanayah Fourth, Al Jadaf, and Al Warsan First.


Also published on Medium.

ADVERTISEMENT

ADVERTISEMENT
Just in:
Sunshine’s Debut Features Leave Tech World Scratching Its Head // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // No running of govt from jail, says Delhi Lt Governor // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // US reiterates concern over Kejriwal arrest, Cong accounts // Universal Language for Healthcare: General Authority Embraces Global Coding System // Ingdan Announces 2023 Annual Results // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // Global Audience to Witness Thrill of Dubai World Cup // Renewables Surge Sets Record, But Global Equity Lags // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young //