Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Dubai Land Department reveals achievements of Dubai's real estate market 2018
 
  • Developers complete 47 projects that provide the market with 14,000 diverse properties
  • Dubai’s real estate market attracts 1,000 investors who have completed 900 transactions worth over AED 12 billion
Dubai, United Arab Emirates, 8th September 2018:  Dubai Land Department (DLD) revealed that the results of the Dubai real estate market during the first eight months of 2018 are encouraging, especially in light of the timely completion of projects. One of the signs of the real estate market’s attractiveness is its continued ability to attract additional investors who have invested heavily, contributing to sustainable growth.
 
In DLD’s latest report covering the period from the beginning of 2018 to 31st August, HE 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.”
 
His Excellency 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 superiority, its distinctive position as a preferred international investment destination, and its ability to enter into a profitable competition with others through its unique features.
 
Bin Mejren believes that Dubai can maintain this positive momentum which showcases its features, especially with the availability of promising investment opportunities, leading up to EXPO Dubai 2020 and the years that follow. EXPO 2020 is a unique opportunity to reveal the strengths of the local economy and the benefits the real estate sector provides investors with. 
 
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 systems in place, which has pleased and ensured investors’ trust. 
 
Bin Mejren concluded: 'The attractiveness of our real estate sector is not driven by quality projects that offer options to the investor, but from the work values produced by different parties, and the commitment of developers to deliver their projects on time, with integrated infrastructure and intelligent development of all procedures which results in customer satisfaction and happiness. Finally, the existence of legal and established procedures ensures the rights of all real estate parties.”


Posted by : Dubai PR Network Editorial Team
Viewed 8351 times
PR Category : Real Estate & Retail
Posted on : Saturday, September 8, 2018  2:07:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Festival Tower – where success is on the agenda
Next Story : Fidu Properties took centre stage at Dubai Property Show in ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Michael Kors Watches | Summer 2019 [9467-Views]
Saint Honore Paris [9083-Views]
Spring Collection 2019 - Versus Mouffetard [9077-Views]
Super-Perfecting Radiance Skincare with FILORGA's OXYGEN-GLOW Range [8455-Views]
Longchamp X Nendo A “!” Moment Around Le Pliage® [8125-Views]
Color Your World with Wet n Wild Beauty this Spring [8015-Views]
Desigual SS19 Collection [7960-Views]
Amorepacific Group holds an event for its 1st anniversary in the Middle East [7607-Views]
BMW at Auto Shanghai 2019 [6802-Views]
Your ultimate fragrance gift guide for Ramadan 2019 [6789-Views]
Coach presents Delancey Collection [6722-Views]
Modesty meets festive spirit in Diva Abaya's Ramadan collection. [6673-Views]
Tissot Heritage Visodate Quartz [6545-Views]
The Region's Most Loved Health & Beauty Brands at Beautyworld Middle East, Thanks to World... [6368-Views]
Rob Raco: new FENDI Men's Eyewear Collection Ambassador [6368-Views]
IKEA Collection Launch | TÄNKVÄRD [6326-Views]
Speedmaster Apollo 11 50th Anniversary Limited Edition [6039-Views]
Johnson's participates in Arab Hospitals Federation [5502-Views]
Experience a Moment of Pure Joy With Starbucks First Ever Frappuccino Matcha Tea [5466-Views]
Al-Futtaim Toyota rewards customers ahead of the holy month of Ramadan [5185-Views]
HUGO BOSS watches Legacy Collection [5118-Views]
BOLLYWOOD PARKS™ Dubai gets ready for grand Vishu celebrations on April 12th [5112-Views]
Catch the free two-time Guinness World Record attraction IMAGINE as it lights up Festival ... [5075-Views]
Supercharged Innovation: Galaxy S10 encompasses breakthrough camera technology [5063-Views]
Enjoy Your Love for Burgers and Arts at Artsy Shacks in Dubai [4801-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories