Strong market demand and enhancing communities proves winning combination for Dubai Properties Group

DPG attributes the occupancy figures to strong market demand, in addition to its successful strategy to enhance its communities and complete many essential facilities to improve the lives of residents in 2012.

The figure is based on an average number of occupied units across DPG's built to lease projects in September 2012 including Shorooq and Ghoroob in Mirdif, Layan in Dubailand, Al Khail Gate and Nuzul. In addition to community enhancements, DPG has released an additional number of units in some of its most popular communities including Shorooq and Ghoroob in Mirdif, where occupancy now stands above 95% in both communities.

Elsewhere, DPG's Layan community in Dubailand is almost fully occupied, reflecting the continued demand for villas in Dubai. The trend continues in DPG's affordable Al Khail Gate community, where occupancy is over 97%, with a waiting list for the development's studio, 1, 2 and 3-bedroom apartments. In addition, DPG's flagship staff accommodation Nuzul is now fully occupied.

Khalid Al Malik, GCEO for Dubai Properties Group commented, "Our focus this year has been on enhancing our communities to improve the lives of residents and maintain the value of our developments. This, combined with strong market demand, has led to these consistently high occupancy rates. We understand the importance of maintaining our master communities, and community enhancement will continue to be a priority for us in the years to come in order to maintain strong occupancy across our portfolio."

Following the recent strong occupancy figures and community enhancement milestones, DPG is showcasing its built to lease portfolio to customers and stakeholders at this week's Cityscape event. With further community enhancements in the pipeline, DPG hopes to ensure its communities remain popular residential destinations for many years to come.