Dubai Land Department (DLD) has revealed the top 10 locations of real estate transactions in Dubai for the first half of 2018.

In the list of top 10 areas in terms of the numbers and values of real estate transactions in the Dubai market during 1H 2018, Business Bay topped the list with 1,934 transactions worth almost AED 4.2 billion. Dubai Marina followed, with 1,445 transactions worth AED 2.9 billion, and with 1,262 transactions valued at AED 2.1 billion, Al Merkadh ranked third, according to DLD.

Dubai's Business Bay topped the list. Image credit: Robert Bock

The remaining seven areas went to Al Barsha South Fourth, Al Warsan 1, Jebel Ali First, Al Hebiah Fourth, Al Thanayah 5, Burj Khalifa and Al Yelayiss 2. 

In terms of mortgages, Dubai Marina listed 498 transactions worth more than AED 1.7 billion, Jebel Ali First came in second with 454 transactions totalling AED 769 million, and Business Bay recorded 453 transactions exceeding AED 3 billion. The list also included Al Thanyah Fifth, Al Barsha South Fourth, Nad Al Shiba First, Wadi Al Safa 5, Palm Jumeirah, Burj Khalifa and the Thanyah Fourth.

His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department commented that granting investors a UAE residency visa for up to 10 years and reducing government fees included in previous initiatives "will be of the most important incentives for economic growth in the Emirate, as they will have a positive impact on reducing business costs and will support Dubai's position as one of the best investment destinations in the world."

Source: Dubai Land Department

See also:

Dubai reports AED 111 billion of real estate transactions in first half of 2018

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