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Growth Rate of Dubai Units Stands at 12.3% in 2018

Image: Arif Al Muhairi, Executive Director of Dubai Statistics Center

 

Image: Arif Al Muhairi, Executive Director of Dubai Statistics Center

 In a press statement to Al Bayan Newspaper, Arif Al Muhairi, Executive Director of Dubai Statistics Center (DSC) stated that the number of buildings and villas in Dubai achieved a growth rate by 12.3% by the end of 2018 compared to 2017. “The number of completed units in Dubai by the end of 2018 was 150,605 compared to 134,081 units in 2017.”

 

Comparison

 

Al Muhairi added: “Investment villas were placed first by a total number of 70,885 in 2018 compared to 58,013 villas in 2017 by an increase of 22.2%. The increase in the number of investment villas was mainly in the Sixth Sector in the areas of Wadi Al Safa 5, Wadi Al Safa “6”, 3rd Al Hebiah Third, Al Barsha South “4” and Al Barsha South “5”.” He pointed out that such an increase in number of villas shows that the real estate investment in these areas witnesses a significant development.

 

He indicated that the number of multi-storey buildings amounted to 13,753 buildings in 2018 compared to 12,775 buildings in 2017, i.e. by an increase of 6.2%. “The increase in the number of this type of buildings is concentrated in the Third Sector in the areas of Al Barsha First, Thaniya First ad Thaniya Fifth which indicates that there is an increase in the real estate and economic activity in these areas.”

 

He stated that reports also show that the number of facilities stood at 10,388 in 2018 compared to 9,276 in 2017 by an increase of 8.2%. The number of facilities constructed concentrated in the Third Sector in the areas of the Al Souk Al Kabir, Jaddaf and Al Quoz Industrial “2” and “3”. Al Muhairi stressed that this increase is another indication that Dubai has an upward line of development in terms of economic and trade activities.

 

Al Muhairi also underlined that DSC is so keen to provide its clients with the best services and make all statistical data and information related to the Emirate of Dubai accessible for all users. “We do believe that the statistical data and information is a fundamental pillar for planning and decision-making processes adopted by all government officials and business community. We are committed to provide all the society segments with the relevant statistics of Dubai.”

 

Statistics

 

Al Muhairi highlighted the role of DSC in making all types of statistics accessible by all segments of the society saying that “DSC provides comprehensive and cohesive statistics on buildings and residential units in Dubai classified by type and location, whether completed or under construction, in addition to the data related to construction permits issued and licensed areas, engineering inspection services and traded real estates by type of transaction (sale, mortgage, land development lease, endowment ... etc.),” said 

 

A Study

 

Al Muhairi added: “The importance of studying these topics lies in the fact that they represent a fundamental pillar in the comprehensive and development planning of the Emirate of Dubai. Roads, transportation, communications, schools, health centers, hospitals and other major services rely heavily on accurate statistical information on the population and residential units. Such data also play a key role in identifying the current status of urban realities in any geographical area. It reflects a crystal-clear image of the urban development taking place in a certain region and gives a comprehensive perspective of the general direction of that development.”

 

An Increase


He went on to say: “Dubai is one of the cities that has experienced a huge increase in the number of buildings and residential units, so it was necessary to draw attention to such massive increase and turn it into statistical data accessible to all planners, policy makers and decision makers. This will help in keeping them informed about the great urban development and the consequent enormous pressure on the key and basic services (water, electricity, sewage, … etc.) on the one hand, and the contribution of this sector to the revenues and estimated values ​​of Dubai’s GDP on the other hand.”

 

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