The total value of the launched real estate projects in UAE during 2015 reached 111 billion dirhams according to the analysis made by “Al Bayan” newspaper.
This year’s projects value exceeds the total value of 2014 projects which reached then 110 billion dirhams.
Dubai and Abu Dhabi topped other emirates in respect of projects number and value. Both emirates witnessed the launch of 26 real estate projects which comes as a part of the economic plan set by UAE government.
Maydan One is considered the newest project unveiled in Dubai with an estimated value of ranging between 25 and 30 billion dirhams.
Major real estate developers have a great role in this as 13 real estate developers have carried out the scheming of the new mixed-use projects including Emaar, Marassi, Wasl Group, Tilal, Meydan, Dubai Investment, Palma, and many other companies.