Dubai, UAE – 19 January 2017

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover tallies since 2012.

The developer’s sought after projects in Culture Village and DUBAILAND comprised a majority of handovers including 124 units at Dubai Wharf, three months ahead of schedule. DP also handed over 2,900 units in DUBAILAND that included 1,600 units   in the pioneering Built-To-Suit staff accommodation- Rahaba Residence, more than 900 units in the affordable housing community- Remraam and 360 units that completed Phase 2 of family-friendly Mudon.

2016 witnessed Dubai Properties continuing to pave the way in supporting Dubai’s path towards 2020 with a successful pipeline of timely handovers, coupled with a robust leasehold portfolio supporting thriving occupancy rates across housing and retail.

The real estate market is poised for a rebound this year and industry eyes are on developers to deliver projects on time. Industry reports indicate 20,000 new homes are set to enter the Dubai market, with the mini-communities in DUBAILAND witnessing the maximum number of home handovers this year. With this in mind, DP remains committed to timely delivery and a phased approach for new project launches, providing a stable foundation for the market over the medium term.

In 2017, DP will continue to serve the city’s social diversification needs as the master developer’s portfolio further expands. Investment in sustainable infrastructure, accessibility, community amenities and family-focused facilities will continue to be a key focus for DP’s master planned residential destinations across the Emirate.

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About Dubai Properties:
Dubai Properties (DP) is a leading Dubai-based real estate master developer known for the development and management of prominent destinations across the Emirate.

DP’s diverse real estate portfolio responds to the evolving needs of Dubai through the development and management of a host of mixed-use contemporary residential, retail, commercial and retail developments including: the upmarket residential towers at Jumeirah Beach Residence(JBR and 1/JBR), the commercial and residential mixed-use developments in Business Bay (The Executive Towers, Vision Tower, Bay Avenue, Bay Square, Bellevue Towers and Marasi Business Bay), the residential communities at DUBAILAND (The Villa, Villanova, Al Waha, Arabella, Mudon, Remraam, and Serena) and the residential and hospitality projects at Culture Village around the Dubai Creek, (Dubai Wharf, Manazel Al Khor and the Anantara Dubai Creek Hotel), and the growing portfolio of community retail within its leasing communities including Layan, Shorooq, Ghoroob, Al Khail Gate communities and Nuzul staff accommodation.

For press enquiries, please contact:
Aala Bashir 
Impact Porter Novelli
a.bashir@ipn.ae
Tel: +971 4 330 4030

Tanu Chopra
Impact Porter Novelli
t.chopra@ipn.ae
Tel: +971 4 330 4030

© Press Release 2017