Dubai Properties (DP) handed over 3,000 units in 2016, supporting one of the citys leading handover tallies since 2012.
The developer handed over 2,900 units in Dubailand including 1,600 units in the pioneering Built-To-Suit staff accommodation – Rahaba Residence, more than 900 units in the affordable housing community – Remraam and 360 units that completed Phase 2 of family-friendly Mudon.
It also handed over 124 units at the Dubai Wharf project at culture village three months ahead of schedule.
The real estate market is poised for a rebound this year and industry eyes are on developers to deliver projects on time, DP said in a stetement.
Industry reports indicate 20,000 new homes are set to enter the Dubai market, with the mini-communities in Dubailand witnessing the maximum number of home handovers this year.
With this in mind, DP remains committed to timely delivery and a phased approach for new project launches, providing a stable foundation for the market over the medium term.