Dubai off-plan property deals account over half of 2019 transactions
Off-plan properties accounted for 55 percent of Dubai market transactions in the first 2 months of 2019 while secondary market deals made up the remaining 45 percent, according to Property Finder research.
According to Property Finder, the findings – which vastly differ from earlier cycles in which off-plan sales dominated – suggests that Dubai is no longer a purely investor-driven market.
In terms of volume, 3,069 off-plan homes exchanged hands while 2,463 secondary market deals were clinched in January and February 2019, the research shows.
Robust activity in the secondary market denotes that end-users are still active and purchasing homes in Dubai.