Off-plan home sales in Dubai drop 20% in first half of 2018 | GulfNews.com

Off-plan home sales in Dubai drop 20% in first half of 2018 | GulfNews.com:

Off-plan residential transactions in Dubai for the first six months of 2018 totalled 9,437 units, down 20 per cent from last year’s 11,805 during the same period. The gap could have been wider had it not been for the 2,006 homes sold as off-plan last month, and the first time this year that monthly sales topped the 2,000 unit mark. In comparison, that mark was crossed thrice in the first-half of 2017, according to figures provided by GCP-Reidin. In the off-plan space, off-plan projects in the Meydan master-development (with 1,102 units sold) and Jumeirah Village Circle (908 units) were the top destinations for buyers. Dubai Creek Harbour and Dubai South also had strong numbers to show off. On the ready property side, sales in the first six months of 2018 did hold up well, with a final tally of 6,106 units as against 6,464 last year.