The developer Dubai Holding Real Estate plans to sell 6,000 units in two years

Buyers of DHRE's projects include UAE residents as well as investors from Russia, India and Europe.

Government-owned developer Dubai Holding Real Estate (DHRE) expects to sell about 6,000 housing units this year and the next, aiming to capitalize on the continued recovery of UAE property market.

The holding that 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 from January to June 2021 and hopes to sell another 1,500 units by the end of the year.

Dubai Holding Real Estate plans to start construction of new phases in master developments, as it adjusts to a current uptick witnessed in UAE’s property market.

At the moment, Dubai's property sector is steadily recovering due to the rise of sales in the secondary villa market and luxury properties segment.

According to Property Finder, Dubai had 37,537 sales transactions worth USD 24 billion in the eight months of this year, which is 22.61 percent compared to the whole of last year. In 2020, the emirate recorded 35,401 sales transactions worth USD 19.5 billion.

In August 2021, Dubai registered 5,780 sales transactions worth USD 4 billion, making it the best August in total sales since 2009.

Among buyers of DHRE's projects there are UAE residents as well as investors from Russia, the Indian sub-continent, Europe and other parts of the world.

DHRE now has a number of master developments under construction, including Port de la Mer, City Walk Central Park, Mudon, Villanova and Madinat Jumeirah Living.