Dubai property sales values increase in October

The total value of real estate sales in Dubai has increased considerably in October as compared to September, Hamad Buamim, director general of the Dubai Chamber of Commerce and Industry said during the Big 5 exhibition on Tuesday.

According to figures published by the Land Department in Dubai, sales values of apartments increased by 34 percent, villas by 69.7 percent and land by 96.6 percent during October, he said. “This was due essentially to the fact that demand has risen owing to increased expectations about job security, and ease of access to finance,” he added.