Dubai - Mubasher: Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until the first half of 2017.
DLD confirmed in an official statement that 68 real estate projects were registered during H1-17, representing a value of AED 21 billion, Emirates News Agency (WAM) reported on Saturday.
The director general of DLD, Sultan Butti bin Mejren said, "Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects."
He also added that 713 developers are registered in DLD’s database, alongside a total of 483 projects, according to WAM.
Butti bin Mejren explained that since the establishment of the Real Estate Regulatory Agency (RERA) ten years ago, 535 projects of various sizes have been completed, supporting a variety of economic activities in Dubai.
The first half of this year also witnessed the completion of 24 projects that had been initiated in previous years.