The Dubai real estate sector and the UAE have experienced progress during the last few years, and we have seen this continue to 2014. The industry has developed in terms of best practice, regulations and laws to protect investors and developers. Improvements on the mortgage regulations have made a positive contribution to ensuring a controlled and sustainable market growth.
The latest industry reports have seen a gradual pace in price growth, which means that these developments are effective and have positively impacted the market behaviour.
The latest industry reports have seen a gradual pace in price growth, which means that these developments are effective and have positively impacted the market behaviour.
From the perspective of Dubai Properties, the market has been in a favorable position and strategies have allowed them to experience sustainable growth across their portfolio in 2014.
They have seen strong demand from investors for the new residential project, Dubai Wharf, that was launched at Cityscape. In addition, other Dubai Property developments have sold-out and prompted the release of further units such as in Mudon and Remraam.
They believe that 2014 will be remembered as a successful year for the real estate market, and for Dubai Properties in particular. Their strong sales has been a clear indication of the positive market conditions, and successful strategy to develop practical, high quality, and sustainable projects in every segment and area of Dubai that offer essential amenities and facilities to enrich the lives of residents and end users.
Dubai Property has already made over 36,000 residential units, 2.8 million sq. ft. of office space and over 1.2 million sq. ft. of retail space across key areas of Dubai. The main projects we have launched in 2014 include: Mudon, Remraam, Manazel AlKhor, and Dubai Wharf, some of which experienced successes.
Dubai Properties will continue to develop a growing portfolio of retail, commercial, residential, hospitality and mixed-use projects, and they have a strong pipeline of projects across all sectors that are tailored to meet the needs of real estate investors in the region. They will continue to align their business with the current market demand by launching new projects that provide strong investment opportunities.
Collectively, the real estate in Dubai is continuously experiencing strong growth with investors looking for ‘value for money’ projects across the city with completed infrastructure, accessibility and quality building and finishing. Our projects will continue to meet this market demand in line with Dubai’s growth across the residential, commercial & retail sectors while continuing with the strategy to develop projects in prime locations of Dubai.
Winning the Expo 2020 presents a huge opportunity for Dubai real estate industry, and as a leading developer with a wide range of projects in every segment and area of Dubai, we are well placed to capitalize on the increasing requirements which this will bring.
Source: Roots Land Real Estate
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