Dubai – Mubasher: The value of real estate transactions registered in Dubai reached about AED 51.5 billion, generated through 12,749 deals closed in the first quarter of 2018.
The return on lease investments has recorded 8%-10%, determined based on the unit’s specifications, Al Khaleej newspaper reported.
Mortgages in Dubai logged AED 32.4 billion in the first three months of this year, while property sales in the emirate recorded AED 18.9 billion.
Apartments and villas generated AED 10 billion through 7,500 transactions during Q1-18, while lands worth of AED 8.72 billion were sold in the same quarter, the local newspaper said.
