January 2017 Transactions Break Records in Dubai

 

January 2017 demonstrated a record breaking month for off plan and ready property transactions compared to January transactions in all the years prior. The Dubai Land Department which regulates property affairs in Dubai, released that January 2017 had 5,262 transactions with 56% being off plan and 44% as ready transactions

In terms of ready properties, Jan 2017 witnessed 2,326 transactions amounted to AED 13.7 billion resulting in an increase of 15% and 60% with regard to number and value of transactions respectively against Jan 2016.  On the other hand, there were 2,936 off-plan transactions amounted to AED 5.491 billion making a growth of 415% and  232% in terms of number and value of transactions over Jan 2016.



Leave a Comment

Leave a comment

Subscribe to fäm Properties

Subscribe to fäm Properties

Subscribe to stay up to date with the latest market news.

Featured Posts

  • Tenant’s Rights: Can a Landlord Increase Your Rent in Dubai?


    58k
  • The Hidden Cost of Buying a Property in Dubai


    57k
  • Title Deed Verification in Dubai: Ensuring Property Ownership Authenticity


    42k
  • Top 10 Best Places to Live in Dubai


    38k
  • Mega-Projects: These 11 Man-made Islands In Dubai Will Surely Blow Your Mind


    38k