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Real estate projects in UAE cost AED111 billion in 2015

Abu Dhabi, Dubai and Sharjah top list of most attractive emirates for new projects

The total value of the 26 real estate projects that were launched all around the UAE during 2015 reached AED111 billion.

This represents an increase, compared with the total value of the projects that were launched in 2014, which amounted to AED110 billion, reports UAE-based Aliqtisadi.

Abu Dhabi, Dubai and Sharjah topped the list of the most attractive emirates for new real estate projects, according to an economic monitor of the real estate sector in the state.

Thirteen development companies have played a prominent role in drawing a new map for mixed-use projects in the current year, led by Emaar Properties, Meraas Holding, wasl Asset Management Group, Meydan, Tilal Properties, RP Group, G & Co, in addition to Palma Real Estate Development and other companies.

It is noteworthy that 2015’s results show that, in the next year, Dubai real estate will lead in international indicators on industry development – organisation and planning, and encouraging real estate investment and management – as a measure of sustainable growth.