According to Dubai Land Department, there is a sharp rise in the value of real estate transactions recorded during the first quarter of 2017 compared to the same period last year.
It is said a total of AED77 billion ($20.9 billion) worth of deals in the first three months of the year, up from AED 54.7 billion in January to March 2016, adding in a statement that there were a total of 20,000 real estate transactions in the same period.
Sultan Butti bin Mejren, director general of Dubai Land Department, said the value of transactions rose by 45%, indicating that Dubai is poised for a new phase of momentum.
Hamptons International has also witnessed an increase of investor’s confidence during past few months, for both the primary and secondary markets. In particular, we are witnessing increasing interest from investors for Emaar’s projects such as Dubai Creek Harbour, Dubai Hills Estate, Emaar South and Downtown Dubai, plus The Address Residences Jumeirah Resort + Spa due to its beachfront location and stylish residences serviced by the world’s leading premium luxury hotel brand at the heart of ‘new’ Dubai.
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