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Dubai Off-Plan Property Deals Account Over Half Of 2019 Transactions

Dubai Off-Plan Property Deals Account Over Half Of 2019 Transactions Off-plan properties accounted for 55 percent of Dubai market transactions in the first 2 months of 2019 while secondary market deals made up the remaining 45 percent, according to Property Finder research. According to Property Finder, the findings – which vastly differ from earlier cycles in which off-plan sales dominated – suggests that Dubai is no longer a purely investor-driven market. In terms of volume, 3,069 off-plan homes exchanged hands while 2,463 secondary market deals were clinched in January and February 2019, the research shows. Robust activity in the secondary market denotes that end-users are still active and purchasing homes in Dubai. Payment plans Developers are increasingly devising unique payment plans to attract this target clientele and clear the majority of stock in their inventory. The statistics also show that, compared to the first two months of 2018, off-plan property transactions ...
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Real Estate Careers in Dubai

Real Estate Careers in Dubai : https://www.propertyeportal.com/jobs Real Estate Jobs in Dubai | Real Estate Careers in Dubai - Propertyeportal our next hire is here. We help plenty of real estate job seekers and employers find the right fit every day. Start hiring now using the friendliest real estate portal for free.
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How Dubai Can Solve Its Affordable Housing Dilemma Senior advisor to the Dubai’s Real Estate Regulatory Agency urges inclusionary zoning, land subsidies and tax breaks El Burai noted that a lack of affordable housing in Dubai is a key barrier to the city achieving its sustainable development objectives and happiness agenda. Dubai needs to put housing at the centre of land use plans and provide incentives to developers, such as inclusionary zoning, land subsidies and tax breaks, to boost affordable supply, according to a senior advisor to the emirate’s Real Estate Regulatory Agency (RERA). In an article written for the World Economic Forum,  Mahmoud Hesham El Burai , aso chairman of the Middle East Sustainable Development Institute, said the city needs to reconsider its supply-led demand approach, which focuses on attracting international buyers, who are mainly speculators. El Burai said currently the private sector does not have the tools or interest to develop affordab...
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