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Dubai Real Estate Report
Dubai Land Department (DLD) revealed that real estate transactions in the emirate for the first half of 2018 reached AED111 billion, reaffirming the attractiveness of the Dubai market and its ability to compete with global investment destinations. The strengths of Dubai real estate investments underscore the mandate of the leadership to facilitate business processes and procedures.
According to a report released by DLD's Department of Housing Studies and Research, the first half of 2018 recorded 27,642 transactions, 18,191 sales. About the announcement, Sultan Butti bin Mejren, General Manager of the Land Department from Dubai, said: "The debt development strategy cost more than AED 57.6 billion and valued at AED 13.4 billion.The decisions made by the government are consistent with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president, prime minister and ruler of Dubai, and have had a significant impact on sustainable growth and strengthening the competitiveness of the national economy.Give investors a UAE residence visa from the United States. a maximum duration of ten years and reduce the government fees included in previous initiatives will be the most important incentives for economic growth in the emirate because they will have a positive impact on reducing costs one of the best investment destinations in the world. "
Owning a racehorse can be one of the most exciting experiences of your life." Horse racing syndicates offer the sporting sensations of kings at a fraction of the investment required to purchase and maintain an entire horse by yourself. "We were also quick to adapt and align ourselves with these decisions; The four percent penalty that owners were incurred for failing to register their developments within 60 days has been lifted. This underpins the government's efforts to provide the best possible services to investors and developers. "
Regarding the size of investments, the report reveals that during the first half of 2018, the Dubai real estate market recorded 19,371 investments, totaling AED37 billion .Emir Emirates nationals dominated the list with 2,986 investments valued at AED 6.8 billion, while Indian nationals ranked second with investments of AED 5.9 billion through 3,218 investments followed by Saudis whose investments were close to AED 3.7 billion with 1,415 investments The list of the top ten investors by nationality also included residents of Dubai, Great Britain, Pakistan, China, Egypt, Jordan and France. [19659002] The report also reveals that the total investment volume of GCC nationals in real estate exceeds Dubai 6 billion through 4,919 transactions made by 3,700 i investors, while 2,094 investors from 16 Arab countries concluded 2,561 deals worth more than AED 4.115 billion. The first half of 2018 also saw 9,935 foreign investments from 143 nationalities and totaling more than 11,889 transactions with a total value exceeding AED 21 billion
The value of properties registered by female investors, recorded by DLD , reached AED 9 billion with 5,526 transactions. "If we were to identify the reason behind the strengthening of the real estate market, it would be the level of maturity that it has achieved to maintain its sustainable growth." Expo 2020 is at hand, and market developers are expressing interest in Aligning with smart leadership guidelines to make Dubai a global pioneer and an attractive investment center for Dubai's 2021 strategic plan, "concluded Bin Mejren.
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Shayne Heffernan Fund Manager at HEFFX holds a Ph.D. He is over 25 years old of experience in Asian trading and hands-on experience in venture capital, he has been involved in several start-ups that have seen their market capitalization exceed $ 500 million and stock market of 15 billion. He has managed and supervised start-ups in the mining, shipping, technology and financial services sectors.
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