By Adrian Bishop
Dubai property investment reached AED84billion in the first nine months of the year, with rising involvement from women.
From January 2017-September 2017, there were 40,543 transactions from 30,941 investors, says Dubai Land Department. (DLD).
More than 9,000 women from various nationalities made 11,000 transactions, increasing their investment to more than AED21billion.
In all 7,841 Gulf nationals made 11,000 transactions worth nearly AED29.5billion. The Dubai real estate market attracted 5,484 Arab investors who closed 6,806 real estate transactions worth over AED11billion.
There was also high activity among foreign investors, with 17,616 investors making 22,667 transactions worth more than AED43billion.
His Excellency Sultan Butti bin Mejren, Director General of DLD, says, "Looking at these figures, we are extremely happy as the real estate market continues to maintain its momentum, driven by a general optimism among Gulf, Arab and foreign investors.
“The AED84billion worth of real investments made during this period is also a sign of sustainable growth and the market's ability to absorb the developer demand for residential, commercial, office and industrial properties. The real estate market is in full harmony with other economic sectors in the city."