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Dubai Land Department records AED 61bn transactions for Q1 2014

Dubai Land Department records AED 61bn transactions for Q1 2014
Dubai Land Department (DLD) has announced that the total amount of real estate transactions recorded in the emirate for Q1 2014 exceeded AED61bn - an increase of 38% YoY. Sultan Butti Bin Merjen, Director General of DLD, stated that the results of Q1 2014 reflect the renewed investor confidence in Dubai and specifically, in the city's real estate sector, which is considered an integral component of the national economy. He expected the next three quarters to be similarly as active, especially as this period follows the launch of a number of stimulating economic projects in Dubai and the disclosure of some of the preparations for the city's hosting of Expo 2020, according to Mubasher Trade and Research.