The total value of real estate transactions in Dubai during the past eight months reached AED86 billion, according to the Dubai Land Department’s latest data.
The total amount represents the value of 33,949 real estate transactions signed by investors from 153 nationalities, UAE-based Al Bayan reports.
The results reflect a new record registered by the real estate market, which aims to maintain its sustainable growth in order to support the national economy.
In a related matter, Emaar Properties succeeded in selling the housing units it has launched for free ownership in the Creek Side 18 project, which includes close to 480 housing units with the latest supplies.
The housing units in the project are distributed over two towers consisting of 37 floors. The project also includes luxurious apartments that set new standards for modern living in a natural island atmosphere.