Dubai will hit an estimate of 700,000 residential units by the end of 2022

According to a recent report, presented by ZāZEN Properties’ sales partner JLL, it is expected that over 40,000 new residential units will be available by the end of 2022. This addition to the existing residential properties will drive the total to over 700,000 units.  

The amount of already completed residential units is based on quarterly surveys of Abu Dhabi and Dubai metropolitan areas. Because of the large amount of properties, which have been handed over for immediate occupation, the estimates and expectations for the coming year are seen as positive. Experts predict a continuous increase in demand and an increase in transactions and project launches.

The co-founder and COO of ZāZEN Properties Madhav Dhar commented that there is an increasing demand in the real estate sector that is strongly supported by the Emirates’ government through their commitment to create new opportunities for potential investors and buyers from all over the world. This statement is vividly supported by the recent updates to the UAE Golden Visa regulation, which will spur investment into UAE real estate even more.