Increase in land sales in Dubai as sales pass AED105m.
The latest figures to be released by the land department are showing positive signs for the Dubai property market, as the total value of sales yesterday exceeded AEd105m. Mortgages also showed positive signs as total values reached almost AED50m.
A total of four sales transactions were registered with the land department, including plots at Emirates Hills, Jumeirah Village and the Palm Jumeirah. The freehold areas saw a total of 37 sales transactions (31 apartments and six villas) totalling over AED42m.
The figures are more positive news as the Dubai property market slowly moves away from the economic turbulence of the past 12 months.
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