The real estate market in Dubai has witnessed an intensification of campaigns during the current period, through attractive offers on freehold properties, pointing out that the summer period is a seasonal period for sale, which makes real estate companies concentrate their efforts to increase the proportion of sales.

"The summer period is an important time for real estate companies, where companies compete to raise their sales through attractive offers," said Abdulkarim Al Mulla, CEO of Standard Property Management.

Dr. Raad Ramadan, General Manager of Awad Gargash Real Estate Company, said, “Real estate developers have been able for years to transform the summer season from a seasonal lull in the real estate sector to a recovery period, through the facilitation they offered to investors and attractive offers to buy. They were helped by the recent government incentives, including the activation of the decision to grant long stays to categories of investors », pointing out that the most prominent facilities and offers, flexible payments, fees discounts, as well as maintenance services.

`` During the last months of 2019, the real estate sector has witnessed many positive changes, and we have seen prices continue to fall in key areas within the emirate, which has contributed to increased investment in the real estate market, '' said Heydar Ali Khan, CEO of Beyout. Especially in conjunction with the laws announced during the last few months relating to permanent residence. ”

One of the highlights of the market during the summer, Emaar Properties, the cruise group, which lasts throughout the summer season, includes ready or near completion properties in eight of its projects in Dubai. They are: Downtown Dubai, Dubai Creek, Arabian Ranches 1 and 2, Emaar Beachfront, Dubai Hills Estate, Emaar South, and Dubai Marina.

The offer is based on exempting investors from the real estate registration fees of 4% of the value of the property, exempting the investor from maintenance and service fees for three years, and the investor moving to housing in the property as soon as 25% of its value is paid. For properties under construction, the investor can pay 75 % Of the value of the property within three years after receiving the property.

Reportage also launched the “Buy an apartment and get a net annual return of 8% for three years” during a certain period of the summer months.

Ellington Real Estate Development has also offered clients of Wilton Park Residences and Belgravia Square the opportunity to furnish their apartments.