Dubai’s real estate transactions record $5.44 bln in Q1

Dubai Land Department recorded AED 20 billion ($5.44 billion) worth of real estate transactions during the first three months of 2020 amid the economic consequences of coronavirus (COVID-19).

The DLD completed around 100,000 electronic transactions during the first quarter of 2020, director-general Sultan Butti bin Majren, announced in an interview with Dubai media office.

Majren added that the department is implementing precautionary measures while welcoming customers to ensure the safety of employees and customers.