Your search results

Dubai registers 68 property projects worth Dh21 billion in H1

Posted by fhadmin on 2017-08-14
| 1

The Dubai Land Department (DLD) has announced on Saturday that 68 real estate projects were registered during the first half of 2017, representing a value of Dh21 billion.

The first half of this year also saw the launch of 68 new projects. This compares to 88 real estate projects launched from the beginning of 2016 until H1 2017.

Sultan Butti bin Mejren, director-general of DLD, said: “Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects.”

Property consultant Cavendish Maxwell estimates 30,402 homes to be completed in Dubai by the end of 2017. The break-up is 24,259 apartments, 3,778 villas and 2,365 townhouses, according to information obtained from developers, consultancies and sub-contractors.

Bin Mejren added that 713 developers are registered in the DLD’s database, alongside a total of 483 projects.

He explained that since the establishment of the Real Estate Regulatory Agency 10 years ago, 535 projects have been completed, supporting a variety of economic activities in Dubai. The first half of this year also witnessed the completion of 24 projects that had been initiated in previous years.

 Source: https://lookup.ae/news/8194/dubai-registers-68-property-projects-worth-dh21-billion-in-h1

One thought on “Dubai registers 68 property projects worth Dh21 billion in H1

  • Best Web Design Company Dubai
    on 2017-10-13

    Howdy I am so delighted I found your site, I really found you by mistake, while I was searching on Bing for something else, Anyhow I am
    here now and would just lijke to say thanks a lot for a remarkable post and a all round enjoyable
    blog (I also love thhe theme/design), I don’t have time to browse it all at
    thee moment but I have book-marked it and also included your RSS feeds, so when I have time
    I will be back to read a lot more, Please do keep uup the greeat
    job.

Leave a Reply

Your email address will not be published.

Register and Receive!

Get updates on the latest property releases.

Compare Listings