Dubai property sales on the rise

12/06/2012 - Dubai Property News
Dubai property sales on the rise

Dubai’s property market made a positive start to 2012, with areas such as Dubai Marina, Emirates Living and the Palm Jumeirah all posting strong performances. Data from the Dubai Land Department shows property sales in the city rose by 54% while value increased by 32% in the first quarter of this year. According to a report compiled by the Economics Group at the National Bank of Abu Dhabi, average property prices in Dubai also rose 3.7% in Q1 compared to the same period 2011. Rising investor confidence and an increase in economic activity, thanks to strong trade and tourism, have been some of the main factors responsible for the boost in Dubai’s property sales.