Rise In Dubai Real Estate

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Rise In Dubai Real Estate

Post  umerakmal on Wed Apr 04, 2012 11:02 am

The percentage of buy property in Dubai have increased by 33% year on year during the first two months of 2012, while the total number of transactions surged 84%, official figures show.

A US$96 million sale in the Marsa district in January helped push up the figures, according to the latest data from the Dubai Land Department.

The figures show there were 448 deals recorded in January and February this year, a rise of 84% compared to the same period in 2011. While volume was up, values lagged behind, rising 33% to AED3.698 billion ($1.006 billion).

An analysis of the two months showed a difference in performance. January saw volumes rise 94% year on year, while total value was down 0.9%.

By comparison, February saw volume up 73% while values surged ahead by 167%. The most popular district was Al Barsha, where there was 28 sales registered in February alone.

For more details Visit: http://marketingiants.blogspot.com/2012/04/rise-in-dubai-real-estate.html

umerakmal

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