68 real estate projects launched in Dubai this year

There have been a total of 68 real estate project launches in Dubai so far in 2019, representing a slowdown from the previous year. According to statistics released by Property Finder, 37 of the total did not have a specified number of units, with the remaining 31 bringing 12,277 new units to the market. Of the new units, 9,770 were apartments and 2,507 were villas or townhouses. The greatest number of project launches took place in Dubai Creek Harbour, Mohammed bin Rashid City and Dubailand. In comparison, Dubai saw 169 project launches throughout 2018, of which 100 did not have a specified number of units. There were 33,123 new units in the remaining 69 projects, including 26,667 apartments and 6,456 villas and townhouses. Despite the muted pace of project launches, there has been a 33% increase in sales transactions between June and August.