FEATURED PROPERTIES
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Weekly land sales in Dubai (September 07 - 11, 2008) reach
AED 624mn / US 170mn |
According to the latest report by Dubai World's Statistics Department, the emirate’s non-oil direct foreign trade jumped by 54.3 per cent during the first half of 2008 compared to the same period in 2007. It recorded a massive first-half jump by AED 104.4 billion to reach AED 296.6 billion, compared to AED 192.2 billion in 2007 during the same period. Dubai's exports also recorded exceptional growth rate of 59.1 per cent, rising by AED 7.5 billion in the first half of 2008 to reach AED 20.1 billion. Similarly, re-exports registered an outstanding 57.7 per cent growth to reach AED 70.3 billion, compared to AED 44.5 billion for 2007. India, with 49.6 per cent growth (AED 24.1 billion) topped the list of Dubai's main trading partners during the period, followed by China with 29.9 per cent (AED 23.8 billion) and USA with 76.4 per cent (AED 16.4 billion). Rising trade means increasing demand for space, commercial as well as residential. And, this is reflected in the land sales of the emirate. |
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Date |
Value of Sales (in AED) |
Value of Sales (in USD) |
07/09/2008 |
52,968,752 |
14,425,041 |
08/09/2008 |
93,661,985 |
25,507,077 |
09/09/2008 |
155,790,235 |
42,426,534 |
10/09/2008 |
245,226,095 |
66,782,705 |
11/09/2008 |
76,730,508* |
20,896,108* |
Total |
624,377,575 |
170,037,465 |
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(Source : Dubai Land Department *Figures apply to transactions registered with Dubai Land Department till 12.00 pm on Sep 11, 2008) |
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