May 12 2011 |
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Property transactions surge 20%
By By Staff Indians, Pakistanis and British stay top investors in Dubai"The total value of transactions in Dubai in the first quarter was Dh30 billion ($8.2b) with 10,554 transactions, which is up by 20 per cent from Q4 of 2010," Marwan Bin Ghlaita, the CEO of Rera , has been quoted as saying by newswire Zawya Dow Jones.
"Price-wise, the market is correcting itself. We are seeing more investors coming in. The top three real estate investors continue to be Indian, Pakistani and UK nationals, but we are also seeing new nationalities entering the top 10 real estate investors such as Syrians," he told reporters yesterday.
Bin Ghlaita said he is optimistic regarding the real estate sector in Dubai.
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