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.