Dubai’s property deals in 2016 bigger than GDP of 122 nations

Dubai saw property deals worth Dh259 billion in 2016, latest data shared by the Dubai Land Department (DLD) shows. Even as this marks a modest decline of 2.99 per cent over the Dh267 billion worth of transactions conducted in the emirate in 2015, it is still more than the GDP of 122 countries (including some regional countries like Oman, Lebanon, Jordan and Bahrain, among others). Read more…

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