As of May, JLT was the most popular area for off-plan housing purchase in Dubai. Read more for Dubai areas, communities and developers in greatest demand among off-plan buyers.
In May, such developers as Sobha and Azizi also carried out targeted campaigns to sell and promote their off-plan projects in MBR City. And a significant progress in the implementation of the large-scale infrastructure project Meydan One Mall heated investors’ interest in the investment opportunities even more, including interest for Dubai Hills villas.
MBR City as a whole was rated the most demanded district after
In ready housing sales segment,
According to GCP-Reidin, May was the second most active month for the off-plan real estate sales in Dubai: the total number of units under construction sold in Dubai in May was 1,830, which is slightly higher than numbers for the previous best performing year’s month — in January, 1,752 off-plan sales transactions were completed in Dubai.
In value terms, off-plan transactions brought Dubai developers AED2.28 billion, as of May only.
And it should also be noted that, contrary to sales decline expectations during Ramadan and up to the end of summer, things are probably going to be different in 2018, experts believe.
Much credit for this is put on
Abdullah Bin Sulayem, CEO of Seven Tides, said: "If you offer investors a compelling proposition, based on RoI (return on investment), location and quality, they will invest irrespective of overall market sentiment."
In the Seven City project studios were priced at AED354, 000, while one-beds were offered at a price of AED683, 000, which in terms of psf price equates to AED 950 per sq. ft., while the average price for similar housing in the same area is about AED1000 per sq. ft.
With IMEX Real Estate, you can always pick up and buy either under construction unit or a ready-made property in almost any part of Dubai at any time of the year. Address professionals! Our contacts:
Tel.: +7 903 232 80 80 Oleg Lavrik (Whatsapp, Viber, Telegram)
Tel. UAE: +971 (50) 2528188
Toll Free in Dubai: 800-IMEX (800-4639)
IMEX REAL ESTATE BROKER LLC, UAE
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE