A report issued by the Dubai Land Department revealed that the value of sales transactions in the market during the last five months of this year exceeded AED 24 billion, while the total value of mortgages reached more than AED 27 billion during the same period in a strong indication of the return of banks to the lending market with great caution and strictness practiced during the years following the global financial crisis to avoid a new setback that casts its shadow on the real estate market.
A report issued by the Dubai Land Department (DLD) revealed that the UAE real estate market was not affected by the turmoil witnessed by this vital sector in the world.
The report indicated that the UAE real estate market was not affected by the turmoil witnessed by this vital sector in the world and recorded a high rate of market movements in both sales and rentals or mortgages on land and residential units.
The report indicated that the UAE real estate market was not affected by the turmoil witnessed by this vital sector in the world.
It is noteworthy that the ceiling of total sales transactions did not exceed the ceiling of four billion dirhams until April, which witnessed the recording of six billion dirhams, specifically in the sale and purchase of residential apartments, and the most objective explanation for this remains that real estate companies offered unprecedented flexible payment plans in April, which increased investor demand.
The most objective explanation for this remains that real estate companies offered flexible payment plans in the month of April, which increased investor demand.
The real estate indicators of the Dubai Land Department also showed that the total value of real estate sales transactions in January reached more than 4.3 billion dirhams, the share of land sales of the total was more than 2.3 billion dirhams, while the share of apartments of the total amounted to two billion dirhams, and the total value of mortgages in the same period reached about five billion dirhams, including 4.2 billion dirhams of land mortgages and 800 million dirhams of apartments and buildings.
