According to the statistical report released by the Dubai Statistics Center “DSC”, Dubai observed the completion of new 6,196 units by the end of November 2019 with a growth rate stood at 7.79 percent with an average of completion of 563 unit/ per month.
DSC recent statistics showed that March 2019 recorded the highest percentage of completed units by 990 units, followed by July with 736 completed units. The statistics also revealed the Investment Villas topped the list of completed units by 84.5% of the total completed units in Dubai during January and November by 5,313 villas.
Growth
The report issued by DSC based on statistics provided by the Dubai Municipality showed that the total completed units in Dubai during the 11 months of 2019 stood at 6,196 new ones compared to 5,748 units competed during the same period in 2018 by an average rate of completion of more than 563 units per month, that is a growth rate of 7.79 percent.
According to the report, the total number of completed units per month is as follows: January 389, February 508, March 990, April 638, May 588, June 394, July 736, August 349, September 333, 588 in October and 683 by the end of November 2019.
Distribution of Units
The statistical data revealed that the new units included: Investment Villas placed first with a total number of 3502 followed by the Private Villas stood at 1811 villas, 298 Multi-Storey Buildings, and 266 Multi-Storey Ratio Buildings. Meanwhile, the completed Public Buildings were 185, and the industrial buildings were 134 ones.
In terms of percentages, the DSC’s data featured that Investment Villas comes first during the period of January-November 2019 with a rate of completion of 56.5%, Private Villas stood at 29.2%, Multi-Storey Buildings 4.8%, Multi-Storey Ratio Buildings 4.3%, Public Buildings 3% and Industrial Buildings 2.2%.
According to the figures of the report, the Investment and Private Villas have the largest share of the total number of completed units in Dubai by 85.7%, with a total number of 5,313 of villas during the said period.
In terms of the value of the newly completed units, the data of 2018 showed the total value of the completed 6043 new units in Dubai was 34 billion and 52 million dirhams. The figures show a growth rate of 20.33% compared to the statistics for 2017.