Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Real estate transactions in Dubai cross Dh100 billion  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The dubai land department (dld) has registered 26645 real estate transactions worth dh101 billion since the beginning of 2014.

dld director-general sultan butti bin mejren said on monday that dubai real estate market which attracted a total of 16743 investors in the first five months of the year would continue the buoyant trend.

“the strong performance in the real estate sector indicates a trend that we expect to be sustained over the next year and beyond. the number and value of real estate transactions since the beginning of the year to date indicate both that investors have become more aware and that the market has become rich with investment options” said bin mejren.

the real estate market in dubai is showing a high degree of flexibility in dealing with the requirements of investors especially new stakeholders entering the market for the first time to seize opportunities that have emerged in the wake of the price correction witnessed in the market over the past two years he said.

he observed that the growth in demand from investors is the result of an improvement in fundamental onomic factors rather than speculation.

bin mejren said the application of the real estate registration fee of four per cent helped ward off speculators who used to drive the market and contribute to a real estate bubble.

he said the registration fee applied in dubai is still less compared with other countries. for instance britain imposed between four and 15 per cent malaysia between five and 10 per cent france six per cent japan 5.8 per cent india 7.3 per cent pakistan 7.8 per cent and countries in the middle east and north africa at 6.9 per cent.

since dubai — home to one of the strongest real estate markets internationally — has become a global player fees for providing services have to be on a par with the city’s growth and development said bin mejren.

he pointed out that the government’s efforts in continuously develop the infrastructure and encourage investment has increased the value of real estate many fold in comparison with the value 10 and 20 years ago. property owners in dubai reap healthy returns that are unprecedented worldwide he added.

— issacjohn?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 May 27 2016 - Qatar- Five key clashes in the Champions League finalThe Peninsula
(MENAFN - The Peninsula) The 2016 UEFA Champions League Final logo at the Piazza Duomo in Milan, Italy, on 26 May 2016. EPA/DANIEL DAL ZENNARO Madrid:Real Madrid face local rivals Atletico Madrid ...

 May 27 2016 - Qatar- Al Shaqab students graduate at a glittering ceremonyThe Peninsula
(MENAFN - The Peninsula) Students who received equestrian training at Al Shaqab, pose for a photograph with special guests during their graduation ceremony after receiving their certificates ...

 May 27 2016 - Qatar- Four international players to continue with Al RayyanThe Peninsula
(MENAFN - The Peninsula) Ali Salem Afifa, Head of Football at Al Rayyan Doha: Following a successful local football season, Al Rayyan have secured the services of their four foreign players ...

 May 27 2016 - UAE plays vital role in development projects in JordanMENAFN
(MENAFN) Abu Dhabi Fund for Development (ADFD) and Jordan worked together towards achieving their sustainable development goals, supporting projects in fundamental sectors.Moreover, ADFD has funded ...

 May 27 2016 - Cairo USD 3.6bn residential project attracts foreign investmentMENAFN
(MENAFN) The Ministry of housing introduced Egypt's biggest upcoming project, USD 3.6bn Mountain View iCity, which will be launched in New Cairo.Furthermore, the project's main layout will encompass ...

 May 27 2016 - Qatar, Luxembourg trade relations growMENAFN
(MENAFN) Qatar and Luxembourg have viewed growth due to the exchange of official visits between the two sides and the signing of mutual deal on many areas.Moreover, Qatar sees innovation as a main ...

 May 26 2016 - Saudi- Living cost index in the Kingdom rises 0.2% in AprilSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Sha'ban 19, 1437, May 26, 2016, SPA -- The index of the cost of living in the Kingdom rose by 0.2% during the month of April 2016 compared to the previous month ...

 May 26 2016 - Governor of Riyadh Region receives Cyprus' AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Sha'ban 19, 1437, May 26, 2016, SPA -- Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh region, received here today the Ambassador of Cyprus to the ...

 May 26 2016 - Israeli warplanes launch raids on Gaza StripSaudi Press Agency
(MENAFN - Saudi Press Agency) Ramallah, 19 Sha'ban, 1437, May 26, 2016, SPA -- Israeli warplanes launched today a series of air raids on sites and targets in the Gaza Strip. Local security sources ...

 May 26 2016 - Saudi- Three dead, many injured in Mumbai chemical factory blastSaudi Press Agency
(MENAFN - Saudi Press Agency) New Delhi, Sha'ban 19, 1437, May 26, 2016, SPA -- At least three people have died and several have been injured in a huge blast at a chemical factory on the outskirts ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help