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  • 08-11-21

    Dubai records USD9.23bn worth of real estate dealings

    (MENAFN) Based on the recent Dubai Commercial Property Price Indices, about 2,845 commercial real estate dealings worth AED33.9 billion (USD9.23 billion) were logged by the Dubai Land Department (DLD) in the period of July-September this present year.

    According to the indices report, transaction capacities rose 1 percent in comparison to the previous period of April-June and was 34 percent higher per annum, cooperatively established by JLL as well as Dubai Land Department and initiated at the Cityscape Global Summit.

    According to the report, these numbers show that last year witnessed a huge increase in sales dealings in this industry in comparison to the previous year.

    Sale dealings, that show cash purchased commercial properties, responsible for the biggest share of the total capacity of dealings recorded in the July-September period of last year. Certainly, this element represents 74 percent of the overall figure, then by mortgages at 18 percent and gifts at percent.

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