Real Estate deals in Dubai during first half of 2018 Worth AED 111B

  • July 07, 2018

Real estate transactions in Dubai totaled Dh111 billion in the first six months of the year from the robust Dh132 billion recorded same time last year. UAE nationals, Indians and Saudis continue to take up the top three spots in committing investments, accounting for Dh6.8 billion, Dh5.9 billion and Dh3.7 billion, respectively, according to figures from Dubai Land Department.

The Land Department introduced a series of incentives to boost demand, including waiving the 4 percent penalty for those failing to register their properties within 60 days. But the full benefits from the Dubai Government’s more recent decisions — such as granting investors 10-year residency visas and reducing government fees — will be felt down the line.