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Dubai saw the launch of 14 projects in the first five months of 2015 compared to 37 launches announced during same period last year, according to data shared by Reidin.com with Emirates 24|7.
A total of 4,800 units were launched from January to May 2015 compared to 11,288 units in the same period last year.
In the year to May 2015, 3,450 apartments and 1,350 villas were launched compared to 9,989 apartments and 1,299 villa units in the same period 2014.
Abu Dhabi, however, saw the same number of project launches for the period. Four projects comprising 1,757 units were launched from January to May 2015 compared to 1,300 units in the same period of 2014.
The total number of newly launched units in the last three years in Dubai stood at 52,000, while in Abu Dhabi the number was mere 4,000, Reidin.com revealed.
Dubai has continued to see launches of ultra-luxury projects though developers are now focusing on developments aimed at middle-income earners.
