Dubai Real Estate: The City Makers
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Mon January 8, 2018 11:17 am

UAE. A transactional activity analysis by market share of developers reveals that in the ready space the two most popular developers, Emaar and Nakheel, account for 33% of value and sales in 2017.

Historically, these two developers' units used to account for the majority of activity. However, since 2012, there has been a systematic decline, as a surge of private sector developments entered the market in upcoming areas such as JVC and Dubai Sports City.

A look into off-plan sales reveals that in terms of both value and volume, Emaar is the market leader for residential sales and launches. In the residential off-plan space Emaar accounts for 35% of value and 22% of volume in 2017.

It has experienced significant growth over the last two years, highlighting the investor confidence in their product and completion rates compared to other developers in the market.

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Photo Caption: For illustrative purposes only (File photo)

About REIDIN
REIDIN is the leading real estate information company focusing on emerging markets. REIDIN offers intelligent and user-friendly online information solutions helping professionals access relevant data and information in a timely and cost effective basis.

For more information, pleased visit www.reidin.com

About Unitas
Unitas believes in in-depth planning and discipline as a mechanism to identify and exploit market discrepancy and capitalize on diversified revenue streams. The purpose of Unitas is to manage, direct, and create wealth for our clients.

For more information, please visit www.unitasconsultancy.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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