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FinancialNews


  • 19-10-17

    Dubai off-plan increases in Q3 2017

    (MENAFN) During the third quarter of 2017 the total number of off-plan transactions in Dubai has increased by 86 percent from the previous quarter, while the value of off-plan transactions was up 118 per cent at Dh4.04 billion.

    Ivana Gazivoda Vucinic, head of advisory and research at Chestertons Mena said, "With reference to off-plan transactions, Dubai's real estate market has witnessed seasonal peaks and troughs in the last year".

    After a promising start to 2017, sales plummeted during a disappointing Q2. However, they have picked up positive momentum in Q3", Vucinic added.

    Dubai South was recorded with the most transactions with 1,151.

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