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Mazaya Monthly Real Estate Report -
Week 1 - October 2015
Al-Mazaya Real-Estate Weekly Report
reveals evident increases on the number
and value of real-estate trading on a daily,
weekly and monthly basis at a number of
real-estate markets of the region, led by
a continued increases recorded on real-
estate transactions, mainly in the Emirate
of Dubai, and generally extending to other
emirates of the UAE. The Qatari real-
estate market is equally accelerating in
terms of the number, value and location
of real-estate momentum. Data revealed
therein expresses the actual behavior
of local and foreign demand as well as
the ability of the prices to stabilize or
otherwise decline. Another significance
of such market behavior relates to
the perpetuity of the construction of
residence units and investment activities,
regardless of their type or volume,
while the overall outcome relates to the
strength, weakness or demand driving
factors. It may also be mentioned here,
that at this level of activity, UAE and Qatari
real-estate markets remained stimulating,
and development activities are also
arranged as priorities. Consequently, the
surrounding pressures were overcome
at a certain level of activities, meaning
that the market still enjoys promising
investmentopportunities, andthepotential
lag is not foreseen on the mid-term.
Al-Mazaya Report believes the activities
and investments recorded in the Dubai
real-estate market are relatively high,
being one of the indexes to count on
when measuring the financial and
investment momentum of the state. It
also represents the actual signals of
decline, stability or decrease of real-
estatebehaviorstartingfromthisyear till
last August. According to data revealed
from Dubai Land Department, the
gross value of real-estate transactions
amounted to AED 129 billion in the first
mid-term this year, concluding 23 K
sales, mortgage and other real-estate
transactions. AED 9.2 billion worth of
transactions were recorded in July
alone, increasing in August to AED
13.6 billion; with gross transactions
value hitting AED 151.8 billion by
the end of August. The increase or
decline recorded refers to the strength,
activity sources and confidence in the
real-estate subject to the investment
performed, not to mention its effect
on the morals of transaction owners
and their belief in the ability of the
real-estate market to maintain their
wealth and assets on the short term.