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AED 21 billion worth of new real estate projects launched

13 August 2017
AED 21 billion worth of new real estate projects launched

Dubai’s property market is continuing to see robust levels of new development.

That’s according to the Dubai Land Department, which says 68 real estate projects worth AED 21 billion were registered during the first half of 2017.

This reflects a marked increase from 2016, with 88 projects in total launched from the beginning of 2016 through mid-2017.

Matthew Green, Head of Research and Consulting at CBRE Middle East, told ARN that while much of the off-plan market is currently being driven by Expo 2020, it’s the broader infrastructure and tourism development that’s attracting investors.

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