Dubai – Mubasher: The real estate market in Dubai is witnessing massive development and the main developers are pushing the market ahead through launching new projects spread out across the emirate of Dubai, a top official at the Department of Land and Property in Dubai (Dubailand) said.
Around 46 projects are expected to be completed by the end of 2018, Al Bayan newspaper reported, citing manager at Dubailand Khalifa Ali Al Salfa as saying.
He further revealed that the cost of these project amounts to a combined value of AED 12.5 billion, noting that this reflects real estate developers’ ability to handle mega projects.
The projects are diverse and versatile, ranging from residential and commercial to those to be carried out in the hospitality and entertainment sectors, Al Salfa added.
The department has finished and delivered 29 projects of the total during the first quarter of 2018, according to Al Bayan.
