Dubai real estate transactions top Dh17b
Dubai recorded in excess of Dh17 billion worth of real estate transactions in May, based on figures published by the Dubai Land Department (DLD). The figure increased from around Dh16 billion in April.
The value covered both sales and mortgage transactions for land and residential and commercial property. According to the DLD, the transactions reached around Dh1.4 billion on May 23, which was the most productive business day last month.
The DLD reported over Dh57.9 billion in real estate transactions during the first quarter this year. Dubai recorded more than Dh284.52 billion in transactions last year, increasing from Dh268.71 billion in 2016.