Dubai off-plan property launches reach a record, surpassing $7.6bln in a month
As Dubai’s real estate industry expands after the pandemic, new off-plan launches and sales are on the rise
New off-plan development project launches reached a record monthly high in November, adding a further 7,161 units to the market for sale
Apartments represent 63.7 per cent by volume of new inventory while villas and townhouses represent 22.8 per cent and 13.5 per cent, respectively.
As Dubai’s real estate industry expands after the pandemic, new off-plan launches and sales are on the rise and hit a record high in November.
According to Property Monitor’s latest November report, new off-plan development project launches reached a record monthly high in November, adding a further 7,161 units to the market for sale at an anticipated combined gross sales value of Dh28.2 billion.
The study noted that apartments represent 63.7 per cent by volume of this new inventory while villas and townhouses represent 22.8 per cent and 13.5 per cent, respectively.
However, year-to-date new project launches have exceeded just over 44,000 units and Dh132.5 billion in aggregate sales value.
Related posts:
Announces Massive New Branded Residences in the Heart of the City Mercedes-Benz Places with spectacular Views of Burj Khalifa & Downtown skyline & Dancing Fountain
The UAE developer, which has an investment portfolio exceeding Dh7 billion, said it is going to introduce a new era in uber-luxury living by launching ultra-luxury Dubai skyscraper in cooperation with Jacob & Co. However, no time-frame is given to...
New Dubai branded residences: Mercedes-Benz Places | Binghatti
Dubai off-plan property launches reach a record, surpassing $7.6bln in a month
Dubai to build world's tallest residential skyscraper
Dubai has World's Highest Tennis Court in Burj al-Arab.
Museum of the Future: The Most Beautiful Building in the World in 2022