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Dubai real estate deals total $72.7bn in 2015, up 22%

DubaiDubai Land Department has announced that the total value of real estate transactions in Dubai exceeded AED267 billion ($72.7 billion) during 2015, a 22 percent jump on the previous year.

Its annual report showed that the deal value rose by AED49 billion and that there were a total of 63,719 transactions registered last year.

Sultan Butti Bin Merjen, director general of DLD, said the latest figures proved that the real estate market in Dubai “is able to continue to attract investors from around the world, which means that it is still likely to maintain sustainable growth again for years to come”.

He added: “These quarterly reports issued by our experts assure that the Dubai market has reached a stage of wise maturity and rational dealing with the requirements by the various sides in the real estate market.

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