Dubai Marina is the most popular area among investors, according to new data released on the number of realty transactions made during the first six months of the year.
Earlier, we reported that real estate transactions in Dubai have gone up by 4.6% to AED113 billion. Dubai Marina has registered the most number of sale transactions - 2,576 - at a total value of AED5.87 billion.
“The Dubai real estate market has become the focus of attention for an increasing number of investors from around the world. This interest can be attributed to several reasons, most importantly the renewed confidence in the Dubai market after the city’s winning bid to host World Expo 2020,” said Sultan Butti Bin Merjen, director general, DLD.
“Added to this optimism is the strengthening solvency of many major companies in the market. The overall result is that the real estate market in Dubai is able to regenerate and offer a variety of products to attract investors. We believe that Dubai can sustain this level of attraction and build on the momentum that is developing from the increased demand.”