{"id":57905,"date":"2017-08-08T13:32:00","date_gmt":"2017-08-08T15:32:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/dubai-real-estate-deals-hit-usd-106-billion-in-18-months\/"},"modified":"2019-06-30T12:45:53","modified_gmt":"2019-06-30T15:45:53","slug":"dubai-real-estate-deals-hit-usd-106-billion-in-18-months","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/dubai-real-estate-deals-hit-usd-106-billion-in-18-months\/","title":{"rendered":"Dubai real estate deals hit USD 106 billion in 18 months"},"content":{"rendered":"<p>Dubai &ndash; Total real estate deals in Dubai over an 18-month period exceeded AED 390 billion (USD 106.16 billion), <em>Emirates News Agency (WAM) <\/em>reported this Tuesday (8). The Dubai Land Department (DLD) said over 95,000 transactions took place since January 2016. <\/p>\n<p>&ldquo;These figures demonstrate an atmosphere of optimism across the real estate market,&rdquo; <em>WAM <\/em>quoted DLD director general Sultan Butti Bin Mejrenas saying. He added that investor confidence is growing, as is investment attractiveness. Dubai&rsquo;s realty market was badly hit by the 2008 international financial crisis. <\/p>\n<p>In the 18 months since January 2016, Dubai saw 67,409 transactions involving land, buildings and units amounting up to AED 165.7 billion (USD 45.1 billion) and 22,353 mortgage deals worth a combined AED 188.5 billion (USD 51.3 billion), with other transactions amounting to 6,077 and coming out to AED 36 billion (USD 9.8 billion).<\/p>\n<p>Housing and commercial deals made up the bulk of total transactions, followed by land and buildings. <\/p>\n<p><em>WAM <\/em>also reported that Bin Mejren said the market will likely keep going strong. &ldquo;By examining the current market activities and the expected events and activities related to the upcoming Expo 2020, this momentum will remain in the foreseeable future,&rdquo; he said. Dubai will host the 2020 World Expo. <\/p>\n<p>In the first half of 2017, there were 35,571 real estate transactions in Dubai, which came out to AED 132 billion (USD 36 billion), up 16.8% from H1 2016, according to the DLD. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-189011\">Dubai Land Department\/WAM<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The number of transactions taking place in the emirate exceeded 95,000 since January 2016.<\/p>\n","protected":false},"author":2316,"featured_media":189011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-57905","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The number of transactions taking place in the emirate exceeded 95,000 since January 2016.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=57905"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/189011"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=57905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=57905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=57905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}