$2.5bn worth of property deals in one week in Dubai

clock • 1 min read

Data published by the Dubai Land Department (DLD) suggest the value of property transactions hit AED9.2bn, equivalent to $2.5bn, in the week to 16 December. The data points to 2,882 real estate transactions, including land and property units such as villas and apartments, as reported in local media Zawya and Gulf Today. The Palms continue to set the pace. A land transactions in Palm Deira reportedly wend for AED47.28m ($12.9m), while apartments and villas in Palm Jumeirah went for AED61m and AED59m ($16.6m and$16m).  

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?