Monday 18 June 2018

Luring Investors: Dubai developers campaign hard to sell unsold stock | ZAWYA MENA Edition

Luring Investors: Dubai developers campaign hard to sell unsold stock | ZAWYA MENA Edition:

"Developers in Dubai are pulling out all the stops to attract end-users/investors to their unsold stock. This is resulting in some ingenious sales schemes. As a result, even the traditionally quiet period of the holy month of Ramadan has seen active sales campaigns from developers and their broker partners in ready-to-handover communities. If the estimated 15,000 to 18,000 units make it to the Dubai market by the end of this year, new demand has to be created. The proposed 10-year residency visa announcement is one among several such methods devised to create such demand among end-users. As stretching post-handover payment plans seems to have reached a saturation point, developers are enticing end-users to buy ready property with no down payment, waiver of service charges for several years after handover, waiver of the Dubai Land Department (DLD) registration fees, no agent commission and more."



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