New Real Estate Project in Dubai Every 18 Hours

New Real Estate Project in Dubai Every 18 Hours

Property Monitor, a real estate research and data platform, revealed that the Dubai property market has witnessed an increase in new project launches on the map. On average, more than one project is launched daily in 2024, with a rate of a new project every 18 hours.
According to the March report from Dubai's real estate market, issued by the institution and obtained by Al Bayan, the initial figures for new projects on the map showed the launch of nearly 10,000 units for sale during March. These projects contributed to an unprecedented total of 34,000 units distributed across 120 projects in the first quarter of this year, with a new launch occurring approximately every 18 hours.
The report highlights that this significant level of activity in the market does not indicate any signs of decline in the near future. With the recent announcement of three new major developments, along with the upcoming launch of the "Ghaf Gardens" project designed by Majid Al Futtaim, the available options for eager investors and end-users are expected to grow further.
The diverse mix of projects and options presents an increasing challenge for developers. Intense competition, high buyer expectations, and greater scrutiny in choosing the best investments are