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Dubai Real Estate Transactions Grow 33% During Jan-May 2019

Infra News - Published on Mon, 17 Jun 2019

Image Source: constructionweekonline.com
Dubai Land Department released that the value of real estate transactions in Dubai grew by 33% to reach USD 9.3 billion during the first five months of 2019. Residential and commercial property deals worth USD 4.6 billion were carried out between January and May 2019, while transactions involving land purchases reached USD 3.8 billion during the period. Villa transaction values reached USD 816.8 million and according to a report by Construction Week’s sister title Arabian Business, the growth was attributed by DLD to Dubai's policies to encourage real estate investment.

This includes moves such as the launch of the Gold Card permanent residency scheme rolled out for select investors and individuals with extraordinary capabilities in the fields of science, engineering, arts, and medicine.

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Posted By : Mohan Sharma on Mon, 17 Jun 2019
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