Dubai’s property transactions fall 48%

Dubai - Mubasher: Dubai’s real estate transactions fell 47.9% to AED 782 million on Tuesday from AED 1.5 billion on Monday, according to a statement by Dubai Land Department (DLD).

Mortgages represented 57.9% of the overall transactions’ value with an amount of AED 453 million, while land sales accounted for 33.6% after generating AED 263 million.

 

Mubasher Contribution Time: 23-Aug-2016 13:41 (GMT)
Mubasher Last Update Time: 23-Aug-2016 13:41 (GMT)