Dubai Land Department (DLD) has revealed the results of the first eight months of 2018 in Dubai’s real estate market, showing an encouraging outcome. One of the major signs of the real estate market's attractiveness is its continued ability to attract additional investors who have invested heavily and contributed to sustainable growth.

At a glance:

• Developers have completed 47 projects in Dubai this year
• Dubai's real estate market attracted 1,000 investors this year
• 14,000 diverse properties added to market
• 900 transactions had a total value of over AED 12 billion.

In DLD's latest information covering the period from the beginning of 2018 to 31st August, 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 added 14,000 different properties to the market: 10,000 apartments, 364 residential complexes, 2,258 townhouses, and 1,575 villas."

He continued, "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. At DLD, we seek to consolidate these values in our real estate market, and observe that these projects are characterised by their diversity that help meet the demand for different types of units and avoid excess supply in any category."

During the reporting period, 1,000 investors received their properties through 900 transactions, with a total value of over AED 12 billion. These substantial figures demonstrate Dubai's distinctive position as a preferred international investment destination.

Bin Mejren added, "Investors agree on a number of different interests and trends related to the Dubai real estate sector. 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."

His Excellency expressed his appreciation to the developers and their commitment to their relationship with Dubai investors, stressing that Dubai's attractive investment environment has been achieved by developers' commitment to putting systems in place, which has pleased and ensured investors' trust. 

Source: Dubai Land Department.

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