Over 47,000 residences in Dubai slated for handover in 2019

Over 47,000 residences in Dubai slated for handover in 2019
26/02/2019 , by , in INTERNATIONAL

More than 47,000 residential units are likely to be handed over in 2019, according to new statistics. According to the statistics, 21,014 residential units – including apartments, villas and townhouses were handed over in the third quarter of 2018.

In October 2018, there were an additional 14,707 residential units with completion statuses of between 95 and 99 percent.

Of these, only 1,187 were complete by the end of the year.Property Finder believes that the remaining 13,520 units will be complete in the first half of 2019.

Additionally, the research shows that there are 33,982 residential units under construction with a completion status of at least 65 percent and completion scheduled for 2019.

The total number of units expected to be handed over by the end of the year now stands at 47,502. Although Property Finder believes it is unlikely that all the units will be completed on schedule, the figure shows an increased rate of turnover over the past year.

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