Dubai’s real estate transactions surge 134% in September

Property transactions in Dubai have risen 134 percent since the creation of the emirate’s new Higher Committee of Real Estate on September 2, 2019, the Dubai Land Department (DLD) said in a statement on Tuesday.

The Higher Real Estate Planning Committee was established by His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, and it is chaired by Sheikh Maktoum Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai.

“The real estate market indicators show the maturity of an increasingly balanced sector. We have achieved a total value of more than AED1.4 trillion through 715,000 accumulative investments and 374,000 accumulative investors,” said Majida Ali Rashid, CEO of the Promotion & Real Estate Investment Management Sector at DLD.

“In 2019 to date, we’ve seen a value of investments of more than AED56 billion across 31,000 investments by 23,000 investors,” the CEO added.