AED 14.4 Billion for 4900 Completed Buildings in Dubai 2015
Image shows group of buildings in Dubai
Value of completed buildings in Dubai over the past year in 2015, was approximately AED 14.4 billion through the completion of 4899 buildings distributed among private villas, multi-storey buildings, investment villas, industrial buildings, and public facilities according to the data published on DSC's site that issued by Dubai Municipality. "Private villas" were on the top of the completed villas' list in terms of value, estimated at AED 3.7 billion for 1932 buildings, followed by " floor area ratio buildings" worth AED 3.08 billion for completing 62 buildings, "multi-storey buildings" of AED 2.43 billion for 173 buildings, "investment buildings" of AED 2.14 billion for 2358 buildings, "public buildings"facilities" worth AED 1.71 billion for completing 143 buildings, and "industrial buildings" of AED 1.3 billion for 231 buildings. The fourth quarter of the past year had witnessed a 56.9% decline in the value of the completed buildings to AED 1.74 billion compared with AED 4.04 billion in the third quarter of the same year, due to a decline in the number of the completed buildings by 7% to 963 buildings in the fourth quarter compared with 1030 buildings in the third quarter.
DSC's data showed that Dubai had recorded through the second quarter of 2015 the greatest accomplishment in terms of value compared with the same year, that worth about AED 4.9 billion through the completion of 1563 buildings.