Search DubaiPRNetwork.com

Home >> Real Estate & Retail

AED 21 Billion Worth of Dubai Real Estate Projects Launched Since the Beginning of 2017

AED 21 Billion Worth of Dubai Real Estate Projects Launched Since the Beginning of 2017

Saturday, August 12, 2017/ Editor -  

Share

Home >> Real Estate & Retail

Completion of 535 projects in Dubai has reinforced investor confidence in the real estate market

Dubai, UAE, 12 August 2017: Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. DLD has also confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion.

His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: “Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects.”
Against a backdrop of growing demand in the real estate market, the first half of this year saw the launch of 68 new projects that meet the aspirations of investors from across the world.

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

Emphasising the vitality of Dubai’s real estate market, bin Mejren explained that since the establishment of the Real Estate Regulatory Agency (RERA) ten years ago, 535 projects of various sizes 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. 

The figures reaffirm the momentum and sustainability of Dubai’s real estate market, which is following an upward growth trajectory. Contributing local factors include the development of ambitious infrastructure projects, and the atmosphere of security and tranquility that continues to define Dubai and the wider United Arab Emirates. 

 

 

 


Previous in Real Estate & Retail

Next in Real Estate & Retail


Home >> Real Estate & Retail Section

Latest Press Release

Union Coop Uses Degradable and Recyclable Shopping Bags in All Its Branches

Fifth Danube Home Store Open Doors in Oman

Dubai Diabetes Centre to expand services

Dubai Health Authority signs MoU with Mohammed bin Rashid Charity and Humanitari ...

Dubai Parks and Resorts and Rta's Dubai Taxi Corporation Launch a Joint Campaign ...

Michael Kors MEN | Fall 2018

LG aims to help the region to grow smarter together with energy efficient soluti ...

Unlimited Entry to Modhesh World With the All New Summer Entry Pass!

Leading UAE businesswoman awarded doctorate by Queen's University Belfast

Warner Bros. World™ Abu Dhabi Signs Airline Partnership With Etihad Airways

Luxurious Fine Sparkling Grape PEARL's Vignes de France launches in the Middle E ...

Al Mouj Muscat launches Townhouses at Ghadeer Parks Precinct

London art house launches in the UAE

Central Bank of the UAE Holds its 6th Board of Directors Meeting for 2018

Drive away with AED 550,000 worth of prizes this summer

MEFMA reaffirms anew its commitment to innovation and FM professional developmen ...

Tata Communications helps Singapore IoT innovator W-Locate grow internationally ...

Emirates and flydubai come together to offer customers seamless travel options t ...

Islamic Insurers' Net Income Continues To Fall But The Sector Will Stay Profitab ...

Asia Pulp & Paper's Foopak Bio Natura Compostable Food Packaging Solution Awarde ...