Dubai Real Estate sector has witnessed exceptional growth over the past few years and has attracted buyers from around the world for both ready and off plan properties. Dubai has cemented its name as a global player and has delivered projects that other countries can only dream about. Projects like the Burj Khalifa, that still stands taller than all the other buildings in the world and the Dubai Mall, which is the largest shopping destination in the entire world. Dubai offers a range of properties that cater to a large segment of budgets, tastes and financial goals.
In the last quarter of 2017, off plan property transactions contributed majorly to the total number of transactions done in this period and a significant rise was witnessed compared to previous quarters of the year. The most active area for off-plan was Dubai South followed by Downtown Dubai and Business Bay. A major rise in interest from end users was seen during this period as more people are choosing to become home owners instead of renting. This is inline with attractive mortgage packages from banks and extended payment plans from developers that run years after handover.