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Dubai's Real Estate Transactions for 2017 Reached About $80 Billion

Written by: Editor

The prolific real estate sector in Dubai flourishes each year and represents a leading player in the UAE. Because the metropolis is developing the tourism field and the business climate on a daily basis, the demand for properties is at high levels. Around $80 billion has been registered in 2017 as real estate transactions and the numbers will change this year. If you are a foreign investor interested in purchasing properties for business purposes but not limiting to this, we suggest you address to our lawyers in Dubai for legal advice.

A flourishing real estate market in 2017

The annual report revealed by the Dubai Land Department for 2017 offers significant information about the status of the real estate sector. There have been around 69,000 real estate transactions registered in Dubai in 2017, most of them representing sales of properties, office spaces and related assets. The positive results registered in the real estate sector in Dubai are seen as the starting point for a revived market where the infrastructure played a key role. According to authorities, the force of this important field and the registered numbers are statements of a welcoming business environment for all investors abroad, with full expansion opportunities in the years to come.
Whether you are a local or a foreign investor who wants to enter the real estate market, it is advised to know the legislation in this direction, a matter where our Dubai attorneys can help.

Buying properties in Dubai

Many citizens of different nationalities choose Dubai for a new living or for business purposes. A large part of foreigners decides to buy or rent properties in this metropolis. This is how approximately 69,000 real estate transactions took place in Dubai in 2017, summing around AED 286,000 billion.
As for the investments in the real estate sector in Dubai, the main customers come from UK, India, Saudi Arabia, China, Canada, Egypt, and Pakistan. Dubai Marina, Downtown Dubai, and Business Bay are three of the preferred areas for property purchase in this city, according to the annual report.
If you want to set up a business in the UAE and you need to know the opportunities and the legislation in this sense, please do not hesitate to contact our law firm in Dubai.


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