Dubai property investment tops AED1bn

03/04/2009 - Dubai Property News
Dubai property investment tops AED1bn

Last week, Dubai property investment exceeded AED1 billion, according to the Land Department.

Chief in terms of activity was the Palm Jumeirah region, which recorded 22 transactions in all.

Second to this came Jabal Ali, with ten sales seen in the area over the course of the week.

Meanwhile, individual sale values were topped by an AED87.46 million transaction in Sheikh Zayed Road.

An AED34.12 million transaction in Jabal Ali and another valued at AED32.56 million in Al Jadaf ranked second and third among Dubai property investments for the week.

In all, the Land Department reveals that 67 sale transactions were recorded over the course of the week.

Figures from the department for April 1st alone indicate AED389.40 million of sales for the day.

This accounted for 13 individual sales across the emirate, of which seven were located in Jabal Ali and two were in Palm Jumeirah, the Land Department revealed.ADNFCR-2019-ID-19106550-ADNFCR