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More than 14,000 property units delivered in Dubai during 8 months of 2018

11.09.2018
New data from Dubai Land Department indicate the increased investors’ interest in the Dubai property market. And developers are ready to meet this high demand with newly delivered projects. Read more for how many ready units and what kind of properties entered Dubai real estate market in 2018, and how many of these were purchased.

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.

IMEX Real Estate will help you taking advantages of owning real estate in Dubai today, if you are ready to get aboard. Offering investment packages of different levels, taking into account the needs of different investors is among our highest priorities, as well as selling and renting/leasing real estate in the majority of the “future city” areas. Address the professionals. Our contacts:

Tel.:+971(50)2528188 (Whatsapp , Viber, Telegram)

Toll Free: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Skype: resident69

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