Built to inform

Sign up for the daily newsletters

No, Thank you

Property Finder: Dubai property hit four-year high in summer 2019

Real estate market expands in June-August 2019 led by 5,032 off-plan transactions worth $2bn during the period

Dubai's real estate market is growing [representational].
Pixabay
Dubai's real estate market is growing [representational].

Real estate platform Property Finder revealed that Dubai’s housing market recorded a “robust performance” in June, July, and August 2019, with transactions reaching a four-year high during the period led by 5,032 off-plan transactions worth $2bn (AED7.3bn) noted during the period, marking significant growth over transaction numbers of 3,462 in June-August 2018. 

In terms of total volume, Dubai witnessed 8,833 residential sales transactions in the summer of 2019 compared to 6,618 deals in the corresponding period of 2018, Property Finder reported. 

Commenting on the data, Property Finder’s director of research and data, Lynnette Abad, said: “Off-plan is still a very lucrative investment in Dubai with attractive pricing and developer incentives such as enticing payment plans and post-handover payment plans.

“This year, we have seen many end-users get on the property ladder, particularly consumers who have been sitting on the fence deciding when was a good time to buy.”

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 753
Nov 09, 2019