39 %increase in the number of new buildings completed in Dubai during a year

Indicators issued by the Dubai Data and Statistics Corporation revealed the record of remarkable heights in the number of new buildings completed in the Dubai market until the end of last May, compared to its number at the end of May 2024, at growth rates of about 39%.

The data monitored by «Emirates Today», based on the indicators issued by the Dubai Data and Statistics Corporation, showed that the number of new completed buildings increased from 1064 buildings by the end of May 2024 to 1477 buildings by the end of May this year.

The data revealed that the Dubai markets witnessed the completion of 1162 buildings for villas, especially during the first five months of this year, forming a percentage of 78.7% of the total new buildings completed during that period, while 166 investment villas were completed during the same period, at rates amounting to 11.2% of the total new buildings completed in the markets.

She explained that the total new buildings completed in Dubai during the year 2022 amounted to 1941 buildings, while the new buildings that were completed during 2023 amounted to 3520 buildings, and the total new buildings that were completed during the year 2024 amounted to 3461 buildings.

Raad Ramadan, the real estate expert, the real estate expert, said that “Dubai has achieved standard growth rates in the number of new buildings completed after the period of the pandemic until the current period, which is remarkably appears in the indicators announced for the new buildings projects that have been completed.”

He added that «the increase in the indicators of the completion of private and investment villas compared to other buildings is greatly due to the great growth that local markets witnessed in demand for villas in general in the wake of the period of the pandemic, which constituted a clear change in the direction of demand for real estate buildings markets, and raised from the shares of villas units compared to the pre -pandemic periods. The current, according to the current market indicators.

For his part, the real estate expert, director of the “Emperor Real Estate” company, Dr. Shahryar Al -Attar, said that “Dubai is among the fastest countries in the world and the region in recovery and recovery in the completion of new buildings, after the post -pandemic stage, which appeared remarkably in the total new buildings that have been completed in the markets during the past two years, and since the beginning of this year.”

He explained that «Dubai markets recorded remarkable indicators in the high demand for villas of villas of all kinds, which appeared clearly, whether in the markets or even in the total number of new buildings that have been completed for villas during recent periods.