Ready properties’ sale may soar in Dubai - Analysis

By: Muhammad Gamal

Dubai – Mubasher: The ready property market in the UAE is the best choice for both local and foreign investors, real estate experts told Mubasher.

Sales of ready properties are expected to soar in the coming period all through 2020, which will witness the launch of Expo 2020 Dubai, they added.

According to data released by the Dubai Land Department’s (DLD) research department, sales of ready properties in the emirate of Dubai increased by 7% last year.

The ready properties market will flourish in 2019, as most underway projects are slated for delivery by the first quarter of 2020, Al Ruwad Real Estate's CEO Ismail Al Hammadi commented.

The expected increase in supply, due to the delivery of many projects, will keep prices in check, he added.

 

Translated by: Muhammad Khalid

Mubasher Contribution Time: 10-Jan-2019 15:31 (GMT)
Mubasher Last Update Time: 10-Jan-2019 17:11 (GMT)

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