Sales of villas and apartments in Dubai have increased following the easing of COVID-19 related lockdowns, and if you are a cash buyer, now might be the time to invest in real estate.
All in Off-Plan Sales
Sales of villas and apartments in Dubai have increased following the easing of COVID-19 related lockdowns, and if you are a cash buyer, now might be the time to invest in real estate.
Dubai should be the 'first city of choice' for the investors and all the stakeholders in the economy are working towards that, this was positive message sent by the top real estate players at the unveiling of Invest in Dubai on Tuesday.
Off-plan property owners are starting to get deferments on their upcoming instalments, as more developers in Dubai realise they need to offer some give-and-take after the COVID-19 imposed difficulties on buyers.
The Real Estate Regulatory Agency is responsible for regulating and inspecting the management and maintenance of common areas of jointly owned real estate property.
Dubaiโs real estate market has been reeling from the effects of a slowing economy and oversupply of residential units. Even as the market tries to fight this double-whammy, thereโs hope on the horizon.
A Higher Real Estate Planning Committee has been established in Dubai to bring about a right balance between supply and demand, avoid launching similar real estate projects and ensure projects add real value to the national economy.
The significant increase of units handed-over in 2019 will result in the supply of rented accommodation and properties for sale being greater than the level of demand from tenants and buyers. Therefore, in most areas the rents achieved and sold prices are likely to decrease for the short-term.