Dubai records $117bn of property deals in first nine months of year
<p>Dubai recorded 116,116 new property transactions worth about Dh429.6 billion ($117 billion) in the first months of 2023 amid continuing growth in the emirate’s economy, according to the latest data from the Dubai Land Department.</p>
<p>Total transactions surged 33.8 per cent on an annual basis, while values rose more 36.7 per cent during the period.</p>
<p>“This sector’s growth aligns perfectly with Dubai’s proactive economic agenda aimed at enhancing the emirate’s competitiveness and attractiveness to global investors,” said Sultan bin Mejren, director general of the Dubai Land Department.</p>
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