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Dubai’s property buyers head to the ‘south’ and the coast

Dubai’s property buyers head to the ‘south’ and the coast

Developers are getting in sales by opening up freehold options beyond ‘new Dubai’ Dubai: For buyers scouting property in Dubai, it’s turning into a question of which direction they should take. Should they head for Dubai South, the massive 145 square kilometre brand new “city” taking shape in Jebel Ali? Or should they try their…

Developers shrink size, ticket price of off-plan homes

Developers shrink size, ticket price of off-plan homes

By now, it is common knowledge that off-plan transaction volumes witnessed a sizeable reduction from 2017 to 2018. There were fewer off-plan launches in 2018 compared to previous years. Also, developers now prefer to sell inventories closer to the actual date of delivery to gain higher traction from both investors and end-users. What can also…

Most properties handed over in 2019 will be affordable

Most properties handed over in 2019 will be affordable

Over 28,500 homes are likely to be handed over in Dubai by the end of 2019. Over 28,500 residential units are likely to be handed over in Dubai by the end of 2019, says the consultancy Core in a conservative estimate. This is compared to an announced number of 56,000 units. Around 21,700 residential units…

Why affordability is the key to UAE’s home market

Why affordability is the key to UAE's home market

Developers shift focus to middle class in bid to double share in projects by 2022 Affordable housing is set to gain traction in the UAE as property developers shift their focus to this segment by targeting the middle-income population in a bid to double their share in total real estate projects by 2022, experts say….