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04/04/2017 - 19:44hs

Real estate sector up 45% in emirate

The expansion took place from 2011 to 2015 in Ras Al-Khaimah, United Arab Emirates.

São Paulo – The real estate market in Ras Al-Khaimah, United Arab Emirates, has grown 45% from 2011 to 2015, going from AED 3.401 billion (USD 906 million) to AED 4.947 billion (USD 1.347 billion), according to data from the emirate’s Chamber of Commerce and Industry. The information was published this Tuesday (4) by news outlet Emirates News Agency (WAM).

The real estate market is trailing only the industry and tourism sectors and contributed 13.3% to the emirate’s economy in 2015, according to WAM.

*Translated by Sérgio Kakitani

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