According to a recent post by the Dubai Land Department on their twitter handle, DLD announced the proud completion as well as selling off of 47 realty projects to approximately 1000 investors against 900 transactions generating a whopping value of around DH 12B in return for the property developers in the region.
#Dubai Land Department reveals achievements of Dubai’s real estate market during the first eight months of 2018 https://t.co/k4BaUGTOWx pic.twitter.com/nEPkcLKQ3w
— Dubai Media Office (@DXBMediaOffice) September 8, 2018
All the 47 projects are residential developments of different kinds including 10,000 apartments, 1,575 villas, 364 spacious residential complexes as well as 2,258 townhouses in total.
DLD’s Director General Sultan Butti bin Mejren took pride in the occasion stating: “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. We seek to consolidate these values in our real estate market, and observe that these projects are characterized by their diversity that help meet the demand for different types of units and avoid excess supply in any category.”
Thus, Sultan Butti bin Mejren believes that this accomplishment will surely pave a way to establishing Dubai’s position as one of the top hot favorite cities in the world investment wise and would form the basis of endorsing this region’s favorability as the ultimate property investment choice for investors not only locally but globally.
In furtherance to acknowledging the achievement on developers’ end and the much-deserved appreciation they earned from the authorities, Sultan Butti bin Mejren also shed some light on how investors sees properties and what are the key factors that attract them towards making an investment. “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,” he added.
Thus, we at dxboffplan.com, are also very proud of this milestone the major developers in the region have been able to achieve and in testament to that, you can view all these residential projects listed with every detail on dxboffplan.com.