Dubai will witness release of only 10,700 apartments and 1,300 villas during the first half of 2012, taking the total supply to 408,500 apartments and 59,000 villas, respectively, according to Asteco Property Management.
The Dubai-based real estate consultancy, in a report released on Sunday, said it expects over 5,000 units to be released in developments such as Mirdiff, International City and Dubai Silicon Oasis in the next six months. The release, however, depends on construction schedules being adhered to.
Majority of the villas, nearly 800 units, will be delivered in Dubai Green Community and Dubai Investment Park.
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