There has been an amazing increase in off-plan revenues over the last 9 months of 2019. It is a happy day for the largest developer in the country, Emaar, with 7,214 sales registrations to date for this year. Some of the leading developers, such as Emaar, Seven Tides International, Dubai Hills Land, Meraas, and Dubai Properties Group, have seen record sales from January to September. Emaar Dubai, both in the off-plan and secondary market, has had the best sales so far. Therefore, making them the most sold properties in the real estate industry in Dubai. In the first 3 quarters of the year, Data Finder, provided data on real estate insights, reported 7,214 purchases, a massive improvement from the 3,212 transactions of 2018. This converts to a total of 125% more, which is expressed in the increase in the interest of the buyer in properties designed by Emaar. In well-designed and thought-out master-planned neighbor hoods, Emaar has an excellent reputation for offering quality housing. Both are major considerations when buyers are trying to purchase property in the secondary sector. They are searching for well-built homes and neighbor hoods that provide many amenities.
As seen in the latest JLL report, Dubai is steadily heading toward a stable real estate market. With a decline in revenue in the last 2 years after the end of Damac. Reports say that they rely on the revenues of the new inventory.
2,294 Damac Properties sales, 1,653 Nakheel sales, 1,639 Dubai Properties Group sales, 1,213 Azizi Developments sales and 827 Danube Properties sales. Of the purchases that have occurred, Dubai has had a record of 18,164 off-plan residential market sales and 12,605 secondary market transactions in the past 9 months. In places like Dubai South, Company Bay, Villanova, The Lagoons and Downtown Dubai, off-plan sales prevailed. In conclusion, Dubai is seeing steady growth with higher buyer interest towards a stable market. Now is the best time to Dubai Investment Real Estate. Please do not hesitate to contact me if you need more information or technical advice about buying a property in Dubai.