MBR City to lead the delivery of residential units from Q2 to Q4

MBR City to lead the delivery of residential units from Q2 to Q4

- Q1, 2022 saw the supply of 6,700 units, while around 31,000 more units are expected to be delivered from Q2 to Q4.

- The market continues to produce promising results as 5,440 transactions were recorded in May 2022, signalling a growth of 33 per cent on a Y-o-Y basis.

- MBR City received the highest supply of units in Q1, followed by Dubailand, International City, and JVC.

- The supply forecast shows that MBR City, Dubailand, Downtown Dubai, Business Bay, Dubai Creek Harbour, Al Jadaf, and JVC are among the top areas that will receive the highest units during the rest of the year.

Dubai: MBR City will lead the delivery of residential units in Dubai this year as the developers have accelerated the pace of projects to ensure timely completion and handover of projects, which is a positive sign for the market.

The mixed-used development led the chart by delivering most number of residential units in Dubai during the first quarter and is expected to retain its position in rest of the year, according to the Zoom Property insights.

Almost 6,700 units were delivered in the Dubai property market in the first quarter, while the delivery of further 31,000 units is in the pipeline