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The Dubai Land Department (DLD) has registered 26,645 real estate transactions worth Dh101 billion from the beginning of 2014.
Dubai real estate market has been blooming since the
beginning of the year, reaping transactions worth Dh101 billion so far. DLD
director Sultan Butti bin Mejren speculates the trend to continue throughout
the next two years at least. According to him, the increase is due to greater
awareness of investors as well as the rich options made available and not due
to speculation.
The Dubai government recently levied a registration fee of
4% that has, according to Bin Mejren, helped ward off speculators. The fees is
still lesser compared to other countries, and the rewards that investors get,
according to Bin Mejren, are unequalled globally.
