With hopes that the worst is over, a certain sense of stability and relative signs of recovery are appearing in the Dubai real-estate market.

The value of land transactions for the week ending 10th September tipped AED 1.35 billion, 32% higher vis-a-vis last week whereas the mortgage value for the same period was recorded at AED 411.23 million (source: Dubai Land Department).

Similarly, land transactions for the week ending 3rd September tipped AED 1.02 billion whereas the mortgage figure during the same period was recorded at AED 415.41 million (source: Dubai Land Department).

The figures posted are relatively lower than the average figures posted for July but an overall consistency has been monitored; reason enough to be optimistic in a wailing economy. A general sense of stability and consumer confidence has been monitored in the 3rd quarter of this year - signs of an imminent turnaround for Dubai Property.