Nearly 60,000 residential units to be added to Dubai market

Nearly 60,000 residential units to be added to Dubai market

Already, 20,978 units were completed in the first six months of 2019, according to Property Finder On Tuesday, a report released by property finder stated that it expects a total of 59,404 residential units to be added to Dubai‟s property market in 2019. Of this, construction on 20,978 units were already completed. This comprised of 14,999 apartments, 1,084 serviced apartments and 4,895 villas and townhomes. The remaining 38,426 units that were expected to be completed before the year end, are spread across 152 projects, and are around 85 per cent completed as of July. Notable projects that have already gone online this year include 426 apartments in Emaar‟s Vida Hills and 1,312 villas in Maple I and Maple II in Dubai Hills Estate. Upcoming major projects scheduled for completion later this year include 1,427 apartments in Al Habtoor City and 458 townhouses in the master-planned community development of Town Square by Nshama.
The report in Property Finder added that overall residential stock is expected to reach 637,000 units by the end of 2020. According to another report by Cavendish Maxwell released in April and which tracked the Q1 performance of Dubai‟s real estate market, it stated that the prices of villas and townhouses remained relatively stable quarter-on-quarter at an average of Dhs1.8m, while apartment prices traded around Dhs1.2m on average. Dubai is one the best city to live where everything is available on door step, this is why Shaikhani Group invested their money, and they do have different projects which are successfully in process. Shaikhani group tries to find the best deals with good luxuries so customer can enjoy all the luxuries at full Shaikhani group already handover few projects in Dubai worth of millions dirhams, they always achieve their target on time which shows the positive sign of their progress. Soon they will handover gardenia residency which is located Jumeirah village circle, it is been expected they will handover this project by the end of 2019 or may be earlier depends on the working conditions and environment

https://gulfbusiness.com/nearly-60000-residential-units-added-dubai-market-2019/

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