Dubai real estate sees 9,500 first-time buyers

Dubai: Dubai pulled in nearly 9,500 first-time property investors in the period January to end August, resulting in transactions valued at more than Dh19 billion.

“Dubai’s real estate market acquired a sustainable reputation due to a range of initiatives and proactive solutions that have made it the world’s most attractive investment destination,” said Sultan Butti bin Mejren, Director General of Dubai Land Department. “Our smart solutions played a key role in consolidating Dubai’s position as a preferred investment destination that provides a legislation system that protects investors’ rights.”