Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover tallies since 2012.
The developer’s sought after projects in Culture Village and DUBAILAND comprised a majority of handovers including 124 units at Dubai Wharf, three months ahead of schedule. DP also handed over 2,900 units in DUBAILAND that included 1,600 units in the pioneering Built-To-Suit staff accommodation- Rahaba Residence, more than 900 units in the affordable housing community- Remraam and 360 units that completed Phase 2 of family-friendly Mudon.
2016 witnessed Dubai Properties continuing to pave the way in supporting Dubai’s path towards 2020 with a successful pipeline of timely handovers, coupled with a robust leasehold portfolio supporting thriving occupancy rates across housing and retail.
The real estate market is poised for a rebound this year and industry eyes are on developers to deliver projects on time. Industry reports indicate 20,000 new homes are set to enter the Dubai market, with the mini-communities in DUBAILAND witnessing the maximum number of home handovers this year. With this in mind, DP remains committed to timely delivery and a phased approach for new project launches, providing a stable foundation for the market over the medium term.
In 2017, DP will continue to serve the city’s social diversification needs as the master developer’s portfolio further expands. Investment in sustainable infrastructure, accessibility, community amenities and family-focused facilities will continue to be a key focus for DP’s master planned residential destinations across the Emirate.