Arab Today, arab today dubai land department reports 236bn emirates dinar real estate transactions for 2013
Last Updated : GMT 21:19:26
Arab Today, arab today
Arab Today, arab today

Dubai land department reports 236bn Emirates dinar real estate transactions for 2013

Arab Today, arab today

Arab Today, arab today Dubai land department reports 236bn Emirates dinar real estate transactions for 2013

Dubai - WAM

Dubai Land Department ( DLD ) has announced that the total amount of real estate transactions recorded in the emirate last year exceeded AED 236 billion. A financial report issued by Real Estate Sector Development Department, recorded AED 166 billion worth of land mortgages and sales and AED 62 billion of housing unit mortgages and sales for 2013, with the total number of transactions jumping 53 per cent from 2012 figures to reach a total of 63,652. DLD 's report tracked the organisation's activities until December 31st 2013, revealing that sales accounted for half of the total value of transactions at 50 percent, with the share of mortgages at 46 percent, leaving all remaining operations at only four percent of total activity. Compared with 2012 data, the figures represent an increase in turnover of 53 percent, with the growth in the number of transactions topping 52.4 percent. Commenting on the impressive results, Sultan Butti Bin Merjen, Director General of DLD , said: "The transaction figures for 2013 reveal a high level of optimism currently prevailing in the real estate market. These can be attributed to the new regulations and procedures issued during the past year, which have contributed to the strengthening of trust and confidence between the various categories of investor. We are anticipating a further rise in the growth index this year, boosted by Dubai's winning bid to host World Expo 2020." Sales and mortgages relating to land transactions accounted for the lion's share of the total real estate figure for 2013, with the AED 166 billion figure representing 70 percent of the total. The AED 62 billion figure for housing unit transactions was the second highest at almost 26 percent, while the remaining four percent of other activity was worth AED 8.7 billion. The Al Thenaya Al Khamesa area of Dubai was revealed to be the most attractive for investors, with the value of its transactions from sales and mortgages reaching AED 9 billion. This was followed by Al Barsha South 5, Al Hibiya 3, Al Barsha South 4 and Wadi Al Safa 5. Dubai Marina took first place in apartment sales and mortgages, with the value of transactions in this area equating to AED 15.6 billion. Al Thenaya Al Khamesa came in at second, Burj Khalifa third, Al Warsan 1 fourth and Business Bay fifth. With regards to buildings, developments in Al Thenaya Al Rabe'a were the most prominent among all districts through their generation of sales of almost AED 2 billion. Other significant areas appearing on the value report for 2013 were (respectively): Wadi Al Safa 6, Al Barsha South 4, Al Thenayan Al Thalatha and Dubai Investments.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai land department reports 236bn emirates dinar real estate transactions for 2013 Arab Today, arab today dubai land department reports 236bn emirates dinar real estate transactions for 2013

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday