(MENAFN - Khaleej Times) Dubai's property market is witnessing a brisk activity as transactions increased substantially after the formation of the real estate committee to ensure balance between supply and demand, said a senior official of Dubai Land Department.

"We noticed significant improvement in the real estate market since the announcement of new committee to maintain balance in real estate market. The real estate transactions grew by 134 per cent in a few days after the announcement compared to the same period before the committee," said Majida Ali Rashid, assistant director-general, Dubai Land Department.

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