Dubai registers $31 billion of real estate transactions in first five months
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Dubai registers $31 billion of real estate transactions in first five months

Dubai registers $31 billion of real estate transactions in first five months

A total of AED117billion ($31 billion) in real estate transactions took place in Dubai in the first five months of 2010, figures from the Land Department have revealed. The highest number of transactions were in sales and mortgages raised against real estate, according to the data. According to the records, 3,462 sale transactions were registered in that period, with a total value of AED25 billion. Buyers spent AED29 billion on apartments and funded an additional AED8 billion of spending on this form of housing through mortgages.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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