Value of realty shares in UAE hits Dh43.8B

abu dhabi — The value of real estate shares traded on UAE stock markets during the first 9 months of 2017 amounted to Dh43.8 billion, accounting for 34.6 per cent of the total transactions conducted on the country’s two main bourses since the beginning of the year, which is estimated at Dh126.6 billion.

In the meantime, official market statistics indicated that property transactions worth Dh31.8 billion were conducted at the Dubai Financial Market since January through the end of September, making up to 37 per cent of the total transactions, estimated at Dh86.6 billion.

Property deals on Abu Dhabi Securities Exchange hit Dh12 billion by the end of September, comprising 29.4 per cent of the total volume of trading, put at Dh40.7 billion.Emaar led property shares with transactions estimated at Dh8.6 billion, accounting for 27 per cent of total real estate deals on DFM, followed by Arabtec with transactions worth Dh6.8 billion, and Union Properties with Dh 6.3 billion.

Eshraq Properties came first on ADX with transactions worth Dh6.6 billion, accounting for 55 per cent of total realty deals on the capital’s bourse while Aldar trading stood at Dh3.8 billion, and RAK Properties at Dh1.6 billion.

In total, property deals on the country’s two main bourses were valued at more than Dh20 billion during Q1 2017, Dh14.3 billon of which on DFM. — Wam