Dubai building construction up 90% in 2016

The majority of buildings were completed in the beginning of the year, with 1,475 built in January alone

NEWS, Business, 2016, Buildings, Construction, Dubai, Dubai Statistics Centre

Dubai construction has grown by a staggering 90% in the last year, according to data released by the Dubai Statistics Centre on Tuesday.

The data showed that the rate of construction increased by 90.6% when compared to the number of buildings completed in 2015 during the same time period, Gulf News reported.

The number of buildings constructed on record last year was 3,400, according to the data.

The DSC data also revealed that homes attributed to nearly 88.3%of construction in Dubai with as many as 5,700 new buildings of accommodation built in the last year.

The majority of buildings were completed in the beginning of the year, with 1,475 built in January alone.

June was the second highest month with 1,087 buildings under construction while 1,065 buildings were developed in February, making it the third strongest month for residential accommodation built this year.

More than 4,170 villas built for investment purposes were completed from January to September 2016, followed by 1,553 private villas around the same period, making the estimated ratio 64.3% and 24%, respectively.

Public facilities accounted for 4.4% of construction with 284 buildings, while industrial buildings accounted for 3.4% with 223, and multi-storey buildings at 2.9% with 185 completed.

Buildings used for miscellaneous purposes made up 1% of construction at a total of 68 in 2016.

 

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