Page 325 - SOBHA REALTY PR REPORT - JULY 2024

7/22/24, 11:56 AM Property Developers Sharpen Focus On Deliveries As Market Stabilises

Property Developers Sharpen Focus On

Deliveries As Market Stabilises

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7/21/2024 3:14:54 PM

(MENAFN- Khaleej Times) 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.

In 2023, as many as 35,160 properties were completed, including 28,650 apartments, 5,187
villas and townhouses, and 1,323 commercial properties across 154 projects, taking the

residential stock of properties in Dubai to 719,000 units by the end of 2023, according to
market reports quoting Dubai Land Department figures.

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