The UAE’s real estate sector continued to thrive and attract investment during the first half of 2024, supported by the country’s economic and financial stability, and the launch of new world-class projects to meet the rising demand for various property units.
According to a report by the Emirates News Agency (WAM), major real estate companies in the country have launched a significant number of large-scale projects since the beginning of this year, providing a diverse range of investment options that offer strong opportunities for investors and those aspiring to live and work in the UAE.
The real estate sector in the UAE is expected to continue on an upward trajectory in 2024, with the government and the private sector launching new real estate and infrastructure projects across the country.
Real estate projects launched in 2024 comprise several residential and commercial complexes and towers, as well as office spaces to keep up with the increase in the number of companies and projects. Dubai took the largest share of new real estate projects, with over 12 new projects launched by companies, such as Emaar, Deyaar, and Dubai Investments, in addition to the expansion of The Dubai Mall.
Residential properties in Dubai witnessed growth with the completion of about 6,600 new units in the first half of the year, bringing the total number of units to 736,000.
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