khaleejtimes, Sunday, Aug 13, 2017 | Zul Qaadah 21, 1438
Dubai registers 68 property projects worth Dh21 billion in H1
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
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
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.