Dubai Land Department says that 47 new real estate projects have been completed in the emirate in the first eight months of 2018

To get a true picture of the sector's health, it is helpful to ask how the developers formulate their decisions.

Gulf city ranked number 18 out of 50 on global index by Deutsche Bank. 

Dubai has higher quality of life when compared to cities such as London, Paris and New York, according to a report by Deutsche Bank.

The city ranked number 18 in the quality of life index, which graded 50 global cities on eight measurements including quality of healthcare, cost of consumer goods and housing affordability, which was measured by the ratio of property price to income.