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Dubai's real estate sector receives 47 projects in 8 months, 1000 investors make 900 deals worth AED 12 billion

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The Dubai Land Department (DLD) revealed that 47 new real estate projects entered the market during the past eight months, and a thousand investors received their properties through 900 transactions worth more than 12 billion dirhams (about 3.2 billion dollars).

Director General of the Dubai Land Department (DLD) Sultan Butti bin Mejren explained that «the completed projects injected 14,000 diverse properties into the market, ranging from 10,000 apartments and residential buildings. <Sultan Butti bin Mejren, Director General of the Land Department, explained that »the completed projects pumped 14,000 diverse properties into the market, ranging from 10,000 apartments to 364 residential complexes, including 2,258 townhouses and 1,575 villas.«
Bin Mejren emphasized that »these projects are characterized by their diversity, contributing to meeting the demand for different types of units, which means avoiding an oversupply of any category.« «Dubai can maintain this positive momentum now, with promising investment opportunities, until Expo 2020 and the years after, which is a unique opportunity to showcase the strengths of the local economy and the benefits that the real estate sector offers to investors.»

Bin Mejren said Bin Mejren praised the practices of developers and the high commitment they show in their relationships with investors who visit Dubai, stressing that Dubai's attractive real estate environment was achieved thanks to developers« commitment to regulations and regulations, which contributed to encouraging investors.

Bin Mejren stressed that »this event is an opportunity to showcase the strength of the local economy and the benefits of the real estate sector to investors. He stressed that «the attractiveness of our real estate sector stems not only from the quality projects that provide many options for the investor, but also from the work values produced by various parties, the commitment of developers to deliver their projects on time, in addition to the readiness of infrastructure and the smart development of all procedures.”

He stressed that the attractive real estate environment in Dubai is achieved thanks to the commitment of developers to the lists and regulations, which contributed to encouraging investors.