The Dubai Land Department (DLD) on Saturday said 1,000 investors received their properties through 900 transactions worth more than Dh12 billion during the first eight months of this year, demonstrating Dubai’s distinctive position as a preferred international investment destination, Albawaba reports.
DLD director-general Sultan Butti bin Mejren said 47 projects were introduced into the market after they were completed based on their set timelines.
These added 14,000 different properties to the market: 10,000 apartments, 364 residential complexes, 2,258 townhouses and 1,575 villas.
“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 characterised by their diversity that help meet the demand for different types of units and avoid excess supply in any category,” he said.
In the DLD’s latest report covering the period from the beginning of 2018 to August 31, it said.