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Abu Dhabi real estate deals hit Dh42.9bn
- United Arab Emirates: Wednesday, January 25 - 2012 at 10:44
According to the Abu Dhabi Municipality, the total volume of property transactions recorded in the capital last year has exceeded Dhs42.9bn ($11.6bn), The National has reported. Of that total, Dhs3.7bn involved land sales and Dhs39.1bn concerned mortgage transactions, the civic body said, without providing historical comparisons. Registration dates do not necessarily reflect when the property was actually sold, the municipality noted. "Selling transactions" hit an all-time high of Dhs917m last month, the report said. The low point for sales transactions was July, when deals totalling Dhs91m were registered.
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StaffWednesday, January 25 - 2012 at 10:44 UAE local time (GMT+4)
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