Dubai Sees Spike in Real Estate Deals

Dubai’s real estate market logged a nearly 17% increase in transaction volume in the first six months of 2017 compared to the same period last year—driven by strong activity in posh neighborhoods like the Palm Jumeirah, Burj Khalifa and Dubai Marina.

Real estate transactions, which the government defines as both property sales, mortgages generated and “other” related deals, generated AED132 billion (US$35.9 billion), according to data released this week from the Dubai Land Department.

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