Emaar dominates Dubai property market with $3.56bn deals
Dubai developer Emaar Properties had dominated the Dubai real estate landscape during the first six months, both in terms of transactional volume and value of overall properties registered including residential (apartments, villas/townhouses) and commercial properties, according to a report
In the first half, the Dubai Land Department (DLD) had registered a total of 18,681 total transactions, with Emaar accounting for 30 per cent of those deals, stated Data Finder, a real estate insights and data platform under the Property Finder Group, citing DLD statistics.
The developer of iconic Burj Khalifa is seeing a great deal of interest for projects being built under its joint venture with Meraas, Dubai Hills Estate. Meraas is a local developer responsible for projects like Bluewaters Island, La Mer and City Walk.
Emaar alone accounted for 4,756 transactions cumulatively worth Dh13.1 billion ($3.56 billion) in the first six months. Transactions cumulatively worth Dh40.3 billion were registered in Dubai in the same timeframe, according to DLD statistics.