Dubai Land Department (DLD) revealed on Saturday that over 1,000 investors invested about AED12 billion (USD3.27 billion) in 900 real estate properties in the emirate during the first eight months of the year, which contributes to the Dubai’s firm status as one of the most preferred international property investment destinations.
In addition, according to DLD’s Director General Sultan Butti bin Mejren, 47 projects of ready housing were introduced to the market after being completed according to set timelines.
The latest DLD report covering the period from early 2018 to August 31, says that these projects have added 14,000 different properties to the housing supply fund. Of these, 10,000 are apartments, 364 are residential complexes, 2,258 are townhouses and 1,575 are villas.
"The success of delivery of the 47 completed projects reflects the interest and commitment of developers who are working with the highest levels of integrity and transparency with investors," Bin Mejren added.
The head of the Dubai Land Department is confident that the emirate can maintain this positive growth trend, especially in the long-term investment sector providing opportunities to finance real estate projects timed to Expo 2020 and the following years. The World Expo 2020 is a unique chance to reveal the strengths of the local economy and the benefits the real estate sector provides investors with.
"The attractiveness of the market is based on a number of unique factors, especially the high guaranteed returns, the continuous rise in property values year after year, and the Emirate's ideal environment for living, working, and visiting, making it a high-level investment option," Bin Mejren also said.
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