Master developers lead the pack in residential sales, reveals Property Finder research
Dubai – MENA Herald:
Dubai’s master developers continue to remain well ahead of the pack in selling residential property. Emaar Properties, Dubai Hills Estate and Nakheel accounted for most property sales transactions in Dubai in the first two months of 2019, reveals the Research and Data team at Property Finder.
In terms of total transaction volume, Emaar sold 1,374 homes in January and February 2019, accounting for 24% of the total share. Dubai Hills Estate, which is a joint venture between Emaar and Meraas, sold 601 of its homes and contributed to 10% of the total pie while Nakheel sold 359 homes, accounting for 6% of the total market share.
Emaar, Meraas and Dubai Holding are amongst the few master developers who have launched off-plan projects in the last few months, according to Property Finder data. While the other developers are more focused on clearing their existing inventory.