Dubai Residential Supply Q4 2015 — Cavendish Maxwell

Dubai Residential Market Report - Q4 2015

Dubai Residential Market - 2015 Completions2015 Completions

  • Approximately 8,800 additional residential units entered the Dubai market in 2015.
  • Over 70% of those are apartments with the remainder being villas and townhouses
  • Major completions in Dubai Sports City, Dubai Silicon Oasis and Dubailand.

Dubai Residential Market - PipelinePipeline

  • Approximately 7,000 units have been delayed from 2015 to 2016.
  • Excluding those, 30,000 units have been scheduled for delivery in 2016, which may be subject to potential delays.
  • The Dubai government budget for 2016 was increased by 12% to AED 46.1 billion, of which 14% allocated to infrastructure, which shows continued commitment toward the growth of Dubai leading up to 2020.