Dubai at­tracts $3.2bil­lion in real es­tate in­vest­ments for 2018

Dubai Land De­part­ment re­veals achieve­ments of Dubai’s real es­tate mar­ket 2018

Facilities Management Middle East - - UPDATE -

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.

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