Page 322 - SOBHA REALTY PR REPORT - JULY 2024

Property developers sharpen focus on deliveries as

market stabilises

Dubai’s residential stock would cross 760,000 units by the end of 2024
by

Somshankar Bandyopadhyay

Published: Sun 21 Jul 2024, 7:06 PM

Last updated: Sun 21 Jul 2024, 7:07 PM

More and more developers are focusing on the delivery of properties than launching new projects
as Dubai’s real estate market shows signs of stability, a sign that the supply of property has caught
up with demand. This year, 42,241 units are expected to be completed by developers, including
31,341 apartments, 9,909 villas and townhouses, and 991 commercial properties.

So far, 13,815 units have been completed, featuring 11,035 apartments, 2,562 villas and
townhouses, and 218 commercial properties within 64 projects.

https://www.khaleejtimes.com/business/realty/property-developers-sharpen-focus-on-deliveries-
as-market-stabilises