UAE: Dubai Adds Around 39,000 Residential Units to Its Real Estate Market in 2019
A total of 32,822 residential units in the freehold and non-freehold communities were completed in Dubai in the first nine months of the year and another 13,216 units have a completion date towards the end of 2019 or Q1 2020, according to Data Finder, the real estate insights and data platform under the Property Finder Group. However, since the actual completion rate has generally been 40 to 50 percent of expected completion, only around 6,500 units are likely to be completed in Q4 2019. Cumulatively, that amounts to approximately 39,000 residential units completed in the whole year, predicted to be the highest in the last several years. In comparison, 33,881 residential units were completed in Dubai last year. Read more on: https://www.albawaba.com/business/uae-dubai-adds-around-39000-residential-units-its-real-estate-market-2019-1327448/