Today: 11 July 2025
1 March 2022
1 min read

Dubai records thumping Dh1.5 bn realty transactions

The sales included 265 villas and apartments worth AED556.45 million, and 29 land plots worth AED109.88 million…reports Asian Lite News

Dubai’s real estate market recorded 294 sales transactions worth AED666.33 million and mortgage deals of AED915.77 million in addition to seven gift transactions amounting to AED9.84 million Monday, data released by the emirate’s Land Department (DLD) showed.

The sales included 265 villas and apartments worth AED556.45 million, and 29 land plots worth AED109.88 million, while the mortgages included 74 villas and apartments worth AED153.56 million and 14 land plots valued at AED762.21 million, bringing the total realty transactions of today to over AED1.5 bn.

Rise in business confidence

Driver by the implementation of a series of measures to enhance ease of doing business and enhance confidence among merchants in Dubai, the emirate has recorded a 17% decline in commercial complaints in 2021.

All commercial complaints, which involve business-to-business disputes, submitted in 2021 came through smart channels, indicating a strong preference among businesses for engaging digitally with government authorities in Dubai.

ALSO READ: UAE rare disease community marks Rare Disease Day at Expo 2020 Dubai

The Commercial Compliance & Consumer Protection (CCCP) Sector in the Department of Economy and Tourism (DET) received 414 commercial complaints in 2021, compared to 500 in 2020. DET received 91% of the commercial complaints in 2021 on its website – consumerrights.ae – and the remaining 9% on the ‘Dubai Consumer’ app.

Mohammed Ali Rashed Lootah, CEO of CCCP, remarked that initiatives launched by the Sector to increase compliance awareness among traders, and enable them to adopt best practices in transacting business with their counterparts as well as consumers, have helped promote confidence internationally in the Dubai brand as well as the competitiveness of the emirate as a hub and gateway.

Previous Story

International Criminal Court opens probe on Ukraine situation

Next Story

Digital School goes global into five countries

Latest from -Top News

Masdar powers ahead in UK

€15 billion clean energy alliance powers ahead with East Anglia THREE investment and Baltic Eagle energisation….reports Asian Lite News Masdar, the UAE-based global clean energy powerhouse, and Iberdrola, one of the world’s

Indian Doctor Gets Top Sharjah Award

The award was presented by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. In a moment of immense pride for the Indian diaspora, renowned paediatrician-turned-entrepreneur Dr.

Peace talks in the desert

President H.H. Sheikh Mohamed reiterated the UAE’s unwavering support for initiatives aimed at fostering sustainable peace, dialogue, and development in the South Caucasus. He also applauded the willingness of the Armenian and

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

Red Sea Warzone

Iran-backed rebels intensify maritime assaults in support of Gaza; US and EU condemn abductions, Israel intercepts missile….reports Asian Lite News The Iran-aligned Houthi rebels have stepped up their maritime offensive in the
Go toTop

Don't Miss

CBUAE conference stresses on digitisation, cross-border cooperation

The ‘Future of Finance’ conference began on Wednesday at the

Egypt, US discuss global food crisis

During the meeting, Sisi underlined Egypt’s keenness to strengthen cooperation