Dubai Land Department (DLD) recently released data about the past 8 months in Dubai realty and the numbers have rapidly surged.
During 900 transactions, worthing more than Dh12 billion (£3.27 billion), 1000 investors received their properties in Dubai. In fact, 47 brand new projects were introduced to the market, demonstrating investors’ interest in Dubai property.
It’s important to note that all 47 projects were delivered on time, according to their set timelines as the quality of the developments has risen significantly in the Emirate.
"The success of delivery of the 47 completed projects reflects the interest and commitment of developers who are working with the highest levels of integrity and transparency with investors. 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," said DLD director-general Sultan Butti bin Mejren.
Undeniably, Dubai is the preferred international investment destination that HNWI chooses to relocate their assets in or grow their portfolio. As the effect of good momentum is spreading, 14,000 different properties were introduced to the market. Among them, there were 10,000 apartments, 364 residential complexes, 2,258 townhouses and 1,575 villas, all of which showcased commitment from the developers and timely delivery.
"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," Bin Mejren added.
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