(MENAFN) Dubai registered USD44 billion worth of agreements in its real estate sector during the first nine months of this year.
The boost in real estate transactions seen in Dubai reportedly signify development attributed to positivity spread around investors and developers.
Dubai posted over Dh56.6 billion worth of 25,473 sales deals, as well as more than Dh86 billion worth of 11,000 mortgage agreements, and 3,486 other transactions worth Dh19.3 billion from January to September.
The figures were unveiled in a report DLD’s Department of Real Estates Studies & Research released and WAM published.
“The positive results of these decisions are evident in the prevalent confidence among the various relevant parties in the market,” stated DLD director general Sultan Butti bin Mejren.
The director general added “these positive repercussions will continue to resonate in the short and long terms by introducing new sales categories for either personal use or for investing.”
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