Project Status Analysis of New Units in Dubai

 


Dubai’s real estate market is growing with a slight increase of new units from 2015 to 2016 and a projected upswing in years 2017 and 2018. REIDIN, a reliable real estate information company, documents 13,000 new units entered Dubai’s real estate market. Year 2017 is expected to produce 40,000 units and 66,000 units in 2018. Though Dubai’s new units are increasing, REIDIN’s graph does not explain that unit construction can experience delays and not completed on schedule. Out of 13,000 units, 36.7% were completed while 63.3% are still under construction. Notable projects that successfully completed on schedule in 2016 are Arabian Ranches Palma Community, Burj View Residence, Botanica and Altai Residence.

 



Leave a Comment

Leave a comment

Subscribe to fäm Properties

Subscribe to fäm Properties

Subscribe to stay up to date with the latest market news.

Featured Posts

  • Tenant’s Rights: Can a Landlord Increase Your Rent in Dubai?


    61k
  • The Hidden Cost of Buying a Property in Dubai


    59k
  • Title Deed Verification in Dubai: Ensuring Property Ownership Authenticity


    45k
  • Mega-Projects: These 11 Man-made Islands In Dubai Will Surely Blow Your Mind


    41k
  • Top 10 Best Places to Live in Dubai


    39k