Dubai’s property sales hit slow speed in January | GulfNews.com

Dubai’s property sales hit slow speed in January | GulfNews.com:

"Most property buyers seem to have taken a timeout in January, with Dubai’s off-plan sales down 28 per cent in volumes and 40 per cent in value terms from a year ago. Some sort of drop-off was anticipated after an exceptionally strong 2017 for off-plan demand, but the January 2018 numbers seems to have come in much lower than expectations. In fact, Dubai’s developers kept well away from off-plan launches during January, with only three — Emaar, Damac and a private entity L-I-V, which opened sales for its first freehold tower — willing to do so. In Emaar’s case, it managed to pull in sales confirmations of Dh1 billion or so within days for the towers it launched at a brand-new development, the Beachfront."



'via Blog this'