Property purchases on Dubai’s planned rise by 60% in 2017

Media In – Dubai January 30, 2018

The Middle East and North Africa (MENA) Middle East and North Africa (MENA) Middle East and North Africa (MENA) Middle East and North Africa (MENA) report showed a 60% increase in real estate purchases in Dubai in 2017 compared to 2016.
The report noted a significant increase in the volume and value of real estate transactions on the scheme in the second half of last year, with the areas of Dubailand, Gulf Business and Al Furjan, the highest levels of demand, while Dubai Downtown and the Gulf of Commerce recorded the highest levels of value.
“Real estate sales have dominated the real estate landscape in Dubai for the whole of 2017. We expect this trend to decline in the coming period with the addition of new residential units,” said Ivana Gazifoda Vosinik, Director of Consultancy and Research at Chestertrans Middle East and North Africa