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UAE: Real Estate's Supply-Demand Gap Is Narrowing in Dubai
January 22nd, 2020 - 09:05 GMT

UAE: Real Estate's Supply-Demand Gap Is Narrowing in Dubai

Green shoots in Dubai's real estate sector are increasingly becoming evident as residential market recorded double-digit sale growth last year while actual supply was lower than projected, reflecting that the gap of supply and demand is narrowing fast. Data by ValuStrat revealed that a total of 24,613 residential units were confirmed to have been completed in 2019 - which includes 19,505 apartments and 5,108 villas/townhouses. This mean total completions represented ...
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