Dubai – Mubasher: Real estate transactions closed in the Emirates of Dubai surged 134% since the creation of the emirate’s new Higher Committee of Real Estate at the beginning of September, the Dubai Land Department’s (DLD)showed on Tuesday.
The committee was established by Sheikh Mohammed bin Rashid Al Maktoum, vice president, prime minister and ruler of Dubai and chaired by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai, according to the Emirates News Agency (WAM).
“The real estate market indicators show the maturity of an increasingly balanced sector. We have achieved a total value of more than AED 1.4 trillion through 715,000 accumulative investments and 374,000 accumulative investors,” CEO of promotion & real estate investment management sector at DLD, Majida Ali Rashid, revealed.
Year-to-date, the value of investments pumped into the Dubaian real estate sector exceeded AED 56 billion, Rashid added.