Dubai land deals jump 47.5% in 2008
United Arab Emirates: Wednesday, January 07 - 2009 at 08:01
The value of the total land transactions in Dubai shot up 47.5% to Dhs70.2bn ($19.1bn) last year from Dhs47.6bn in 2007, Gulf News has reportd, citing figures from Dubai land department. A total of 5,837 transactions were recorded in 2008, up from 3,997 transactions in 2007. The most land activities were seen last May, with Dhs11.6 billion spread over 793 transactions.
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Jeff Florian, Senior ReporterWednesday, January 07 - 2009 at 08:01 UAE local time (GMT+4)
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