1,000 investors do 900 transactions worth over Dh12bn
DUBAI 9 September 2018: Dubai Land Department (DLD) said 47 projects were delivered, adding 14,000 properties to the market: 10,000 apartments, 364 residential complexes, 2,258 townhouses, and 1,575 villas.
Some 1,000 investors received their properties through 900 transactions, with a total value of over Dh12 billion.
Sultan Butti bin Mejren, Director General of DLD, said: “The success of delivery of the 47 completed projects reflects the interest and commitment of developers. At DLD, we seek to consolidate these values in our real estate market, and observe that these projects are characterised by their diversity that help meet the demand for different types of units and avoid excess supply in any category.”
Bin Mejren believes that Dubai can maintain this positive momentum which showcases its features, especially with the availability of promising investment opportunities, leading up to Expo Dubai 2020 and the years that follow.
He added: “Investors agree on a number of different interests and trends related to the Dubai real estate sector. The attractiveness of the market is based on a number of unique factors, especially the high guaranteed returns, the continuous rise in property values year after year, and the Emirate’s ideal environment for living, working, and visiting, making it a high-level investment option.”
