Dubizzle Dubai | Real Estate & Property for Sale in Dubai, UAE

During Ramadan, the number of real estate transactions in Dubai has not diminished

 

Despite the widespread notion that, during Ramadan, the UAE real estate sector activity slows down a bit, according to Dubai Land Department, the total amount of real estate in Dubai in August 2012 reached 2.2 billion dirhams (U.S. $ 603 million), slightly higher than the corresponding period last year. 

According IMEXre.com edition referring to Emirates Business 24 | 7, the most popular was the Dubai Marina district, which reported the largest number of Dubai Real Estate transactions, while the area of Burj Khalifa is a leader in the total value of transactions. During this period, the Dubai Land Department recorded 189 households near Burj Khalifa total cost of 363 million dirhams (U.S. $ 99 million), while in Dubai Marina recorded 203 goods worth 290 million dirhams (U.S. $ 79.5 million). 

In the area of ​​Palm Jumeirah was purchased 57 units of real property, the total value amounted to 247 million dirhams (U.S. $ 68 million). In August 2012, the Dubai Land for sell Department reported that in the first half of 2012, the total value of the emirate's real estate transactions grew 21% compared to the corresponding period last year to 63 million dirhams (dollars . States. 17.3 million).

The cost of real estate transactions in the second quarter of 2012 increased 82% compared to the total value of transactions of real estate acquired in the first quarter of 2012.