The DLD (Dubai Land Department) has reportedly confirmed that 47 brand new realty projects have already been completed in the Emirate over the first 8 months of this year. These projects have infused around 14, 000 new housing units into the Dubai real estate market. This includes 10, 000 apartment units and 364 residential complexes along with 2, 258 town homes and 1, 575 villas as per reports.
Reports also indicate that the first 8 months of 2018 have been highly encouraging for the real estate sector in Dubai, marked by growing demand and the development of several big-ticket residential projects. There is considerable investor interest as well and several investors may be pumping in more funds over the next few months as per studies. The successful delivery of these real estate projects is indicative of the commitment of realty players in Dubai who are now working to offer higher transparency to end-users and investors alike.
In the first 8 months of this year, around 1, 000 investors got their properties via 900 transactions in all. The total values of these transactions were more than AED12 billion according to reports. Dubai is expected to maintain its real estate growth and overall momentum in the build-up to the mega 2020 Expo which has already sparked a huge construction and infrastructure development boom in the Emirate. Investors are hugely bullish on the Dubai real estate market and it continues to be an attractive option on account of its guaranteed returns on investments, the growth in property values on a year-on-year basis and the suitable ambience offered by Dubai in terms of social, professional and tourism aspects.