Dubai Holding Real Estate plans to sell 6,000 units in two years amid property recovery
Government-owned Dubai Holding Real Estate plans to sell about 6,000 units this year and the next as the developer aims to capitalise on the continued recovery of the UAE property market.
The company, which was created through the consolidation of Dubai Properties and Meraas as well as two other entities – North25 and Ejadah – last year, sold about 1,500 units in the six months to June 2021 and expects to sell a further 1,500 units by the end of the year.
Dubai Holding Real Estate plans to start new phases of master developments, as it taps into an uptick within the UAE’s property market
“We’ve certainly seen strong demand in the market this year,” Alexander Davies, chief commercial officer of the DHRE told The National in an interview.
“There is a lot being done to ensure not just attracting foreign direct investment here, but also people’s residency continues to lengthen. I think those initiatives by the government really underpin the confidence in the real estate sector.”
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