Dubai Real Estate Transactions Grow 33%

Dubai Land Department released that the value of real estate transactions in Dubai grew by 33% to reach USD 9.3 billion during the first five months of 2019. Residential and commercial property deals worth USD 4.6 billion were carried out between January and May 2019, while transactions involving land purchases reached USD 3.8 billion during the period. Villa transaction values reached USD 816.8 million. This includes moves such as the launch of the Gold Card permanent residency scheme rolled out for select investors and individuals with extraordinary capabilities in the fields of science, engineering, arts, and medicine.