When off-plan sales dominated Dubai property
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Abu Dhabi - Emirates Voice
With 2018 just a month away, it's time to do a recap of the year gone by. Off-plan sales and generous payment plans by developers were the dominant themes in the Dubai property market. The popularity of off-plan sales, however, came at a price, with the secondary market taking a hit. Although the city witnessed rent declines in most neighbourhoods, the performance of the sales market was more fragmented.
"The biggest factors that have come out this year are the generous payment plans and offers given by developers for off-plan units. The market has responded well to this, with off-plan sales going through the roof and comfortably outnumbering secondary market sales," say Lewis Allsopp, CEO, Allsopp & Allsopp.
Source: Khaleej Times
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