(MENAFN) Dubai Land Department (DLD) has recently reported that real estate transactions in the emirate have boosted by 38 percent in the first three months of the current year reaching USD16.60 billion compared to USD11.97 billion during the same quarter 2013, according to the Emirates 24/7
Sultan Butti Bin Merjen, Director General of DLD, said: "The results of the first quarter 2014 reflect the renewed investor confidence in Dubai and specifically, in the city"s real estate sector, which is considered an integral component of the national economy.
Real estate transactions in the emirate reached 15.694 during the quarter, 11 percent higher than reported in the first quarter 2013
The statistics showed that there were 11,567 sales activities worth a total of USD8.57 billion and 3,482 mortgage transactions, worth over USD7.622 billion.
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