Gulf investors sell property worth $4.3bn in Dubai

GCC nationals sold properties worth AED15.7 billion in Dubai during the first eight months of this year, according to the city’s Real Estate Regulatory Agency (Rera) and the Land Department, reports Bloomberg. Of the total property sales during the period, land sales accounted for AED10.8 billion, apartment sales for AED2.9 billion and villa sales reached AED2 billion.

The highest numbers of deals were carried out by UAE nationals, said the report.