eMart, Dubai’s new online portal for real estate transactions which was launched in November, has attracted 29,000 visitors so far with new visitors joining every day, said a top official.

“We are delighted to reveal that in just a few weeks eMart has already attracted over 150 real estate firms, 230 investors and more than 1,300 property units with a combined value of Dh139 million ($37.8 million),” explained Sultan Butti bin Mejren, director general of Dubai Land Department.

“This shows the portal’s blossoming popularity as an all-in-one hub for lucrative property investments. Going forward, we fully expect eMart to achieve much greater success both quantitatively and qualitatively, as its reputation grows.”

The total value of property offered for direct sales exceeded Dh130 million. eMart also conducted its first e-auction, with transactions quickly passing the Dh75 million barrier.

“Another pleasing aspect is that the visitors whom we are attracting to eMart represent a cross-section of various nationalities: over 20,000 Emiratis, more than 2,500 Americans, 700 Britons and 500 Saudis,” Bin Mejren said.

“There is also growing interest from Indian, Pakistani, Kuwaiti, Qatari, French, German, Russian, Canadian and Japanese buyers and sellers, among many others. This reflects eMart’s cross-cultural appeal and Dubai’s prestige among global property investors following the renaissance of our real estate sector.

“Currently Dubai is the second most sought-after property destination after Hong Kong, but Dubai always aims to be the very best and the same philosophy will drive eMart,” he added. – TradeArabia News Service