Dubai attracts $3.2billion in real estate investments for 2018
Dubai Land Department reveals achievements of Dubai’s real estate market 2018
Dubai Land Department (DLD) revealed that developers completed 47 projects with 14,000 diverse properties during the first eight months of 2018.
In DLD’s latest report covering the period from the beginning of 2018 to 31st August, HE Sultan Butti bin Mejren, director General of DLD, said: “47 projects were introduced into the market after they were completed based on their set timelines. The completed projects include 10,000 apartments, 364 residential complexes, 2,258 townhouses, and 1,575 villas.
During the reporting period, 1,000 investors received their properties through 900 transactions, with a total value of over $3.2bn (AED12bn).
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 also expressed his appreciation to the developers and their commitment to their relationship with Dubai investors.