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Post: Dubai Lands: Business Bay is the most attractive area for real estate transactions


Dubai (WAM)

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Statistics released by the Dubai Land Department showed that in terms of the number of real estate transactions last year, the Business Bay area topped the top ten with 10,853 transactions, followed by Dubai Marina (10,074), Al Barsha. , in the other 9 rankings, Sur fourth (7,338), Burj Khalifa (6,955), Mercad (6,133), Al Hebiya fifth (5,868), Jebel Ali first (5,242), Hadaek Mohammed bin Rashid (4,777), Al Thania fifth (4,590 ) and Palm Jumeirah (4,183).
Regarding the list of the 10 largest real estate transaction value areas, the leader was the “Wadi Al Safa 3” area, whose transactions exceeded 47.1 billion dirhams, while the other nine centers were respectively. Palm Jumeirah (40.480 million dirhams), Nad Al Sheba Al Oula (32.830 million dirhams). AED 2 billion), Dubai Marina (AED 32.71 billion), Jebel Ali First Industrial (AED 28.84 billion), Business Bay (AED 27.83 billion), El Mercadi (AED 23.08 billion) , Burj Khalifa (21.69 billion dirhams), Hadaek Mohammed bin Rashid (17.8 billion dirhams) and First Commercial Center (15.39 billion dirhams). Total real estate transactions in Dubai in 2022 reached 122,658 transactions worth AED 528 billion.
The department is committed to increasing the real estate attractiveness of the different regions of the emirate, providing the real estate community with the best related services, integrating with other excellent elements that attract investments in this sector, characterized by advanced legislation and regulatory frameworks, integrated data, effective alliances and pioneering digital infrastructure.

Source: Al Ittihad

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