Nearly 21,000 properties completed in Dubai during H1
Developers are completing construction and handing over projects with speed ahead of Expo 2020 Dubai despite a sustained correction in prices, according to new research.
The Property Finder Trends report for the first half of 2019 showed that a total of 20,978 residential units were completed.
The total comprised 14,999 apartments, 1,084 serviced apartments and 4,895 villas and townhomes.
The report also showed that, as of July, there are an additional 38,426 residential units within 152 projects that have at least an 85 percent completion status and are scheduled to be completed by the end of the year.
According to Data Finder, the real estate insights and data platform of the Property Finder Group, this breaks down to 29,397 apartments, 3,387 villas/townhouses, and 5,642 serviced apartments.