GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share

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. 

 

 

 



Posted by : GoDubai Editorial Team
Viewed 9790 times
Posted on : Saturday, August 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Dubai Land Department's ‘Ejari' smart application protects the right of all parties
Next Story : Real estate transactions in Dubai exceeded AED 390 billion in 18 months
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
MAC - Hyper Real Glow
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C bein...
M∙A∙C Mineralize Total Detox
5 things to know about collagen
Fresh Hair in an Instant with SHOW Beauty
PUMA and Sahntell Martin Unveil Debut Collection
Amadeo® Fleurier 39 “Fan”
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March...
Mother's Day Gift Guide 2018 from The Little Birdy Group
Moreish Café in Dubai introduces a healthy Quinoa Burrito
True Colours
Robinsons Honored for Outstanding Store Design
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enh...
Splash receives 2 awards
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour
RAK Hospital launches the biggest weight-loss challenge in association with MoHA...
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired ma...
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018
Food Lovers Rejoice: Dubai Food Festival Is Back This Month
Mealtop, Introducing a Whole New Dessert Experience
Al Ahli Holding Group to redefine the UAE value shopping category through an AED...
Optim-Eyes Lashes & Brows with Filorga
British Orchard Kids Kingdom Nursery wins Sharjah Economic Excellence Network Award
Global Dialogue for Happiness: Bestselling Author Advises Governments to Integra...
WGS 2018: Governments Need to Prioritize Wellbeing of Citizens, Say Internationa...
Under the Patronage and Presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Member ...
Voting for Superbrands 2018 has commenced
The new BMW HP4 RACE arrives at Abu Dhabi Motors – one of just 750 built
The Robots Are Coming: Ministry of Finance Brings Artificial Intelligence to Dub...
NEZO launches new identity to guide consumers in selecting the best salt for the...
WGS 2018 Global Dialogue for Happiness: Australian Expert Underlines Importance ...
Leading Scientists, Astronauts Share Insights on why Space Exploration Matters a...
Qualcomm Extends Cash Tender Offer for All Outstanding Shares of NXP
ADNOC Schools Team Wins Etihad Artificial Intelligence Competition
New Report from Accenture and the World Government Summit Finds That Regulators ...
Potential automation of 20 million jobs in the Middle East
WGS 2018 Global Dialogue for Happiness: Former Finland PM Discusses Secrets of S...
First Ever UAE Race Car Fitted with Immensa 3D Printed Parts
WGS 2018: Innovation to Propel Dubai into the Next Century
Garbiñe Muguruza Hungry for Success at Dubai Duty Free Tennis Championships
Dubai Electronic Security Center Receives Overwhelming Interest From Regional an...
WGS 2018: Governments of the Future Must Work Smartly with Innovation and Technology
Turkish Airlines has announced its 2018 January passenger and cargo traffic results.
Global Expansion in sight for ICONS© Coffee Couture
Redefining the Skin Clinic Experience. #allnewkaya opens in Muscat City Centre!
WGS 2018: World-Renowned Author Opens Landmark Summit with Plea for Compassion a...
Emirates firms up order for up to 36 additional A380s
Global energy shifts set to transform the Middle East energy sector