Despite low oil prices, Dubai's property market is reportedly thriving, registering transactions worth Dh68.48bn, approximately £13bn, in the first 53 days of 2016, with the year end total predicted to reach Dh300bn, according to the Dubai Land Department Director-General. Nearly 500 participants representing more than 50 countries will attend the three-day event, which will continue till February 24. The figures are expected to increase as more properties come on stream and developers ramp up their projects.
Despite low oil prices, Dubai's property market is reportedly thriving, registering transactions worth Dh68.48bn, approximately £13bn, in the first 53 days of 2016, with the year end total predicted to reach Dh300bn, according to the Dubai Land Department Director-General. The figures are expected to increase as more properties come on stream and developers ramp up their projects.