Emiratis were Dubai's leading property investors last year
- United Arab Emirates: Wednesday, January 23 - 2013 at 05:24
According to figures released by the Dubai Land Department (DLD), the emirate has seen 41,767 property transactions worth over Dhs154bn in 2012, Gulf News has reported. The number of transactions, including sale, mortgage, ijarah, mortgage portfolios and deferred sales, rose 8% year-on-year, which made it a record year, Sultan Butti Bin Mejren, director general of DLD, said. Emiratis were the leading investors last year in terms of premium real estate deals and the number and total value of transactions, Bin Mejren said.
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