Data Finder, the platform specialized in real estate data and reports of the Property Finder group, expected an increase in real estate sales on the scheme during the current year, with the support of promotional offers and incentives for real estate developers, in relation to the down payment, financing and installments, and bearing Some registration fees, in addition to some developers bearing maintenance and service fees for relatively long periods, and in some projects up to 10 years, indicating that a number of projects achieved good sales during the past year.
The report indicated that "Emaar Properties" achieved a good performance during the past year, as the project "Creek Edge 1" in Dubai Creek Harbor recorded 388 sales deals, while the "Royal Tower" project in downtown Dubai achieved 350 transactions.
The list of projects on the most popular scheme in 2019 included: the "Q Zone" project in "Q Point Al Liwan", which is affiliated to the "Al Mazaya Holding Company" (with 328 deals), and "Riva Residences" of the "Damac Properties" company in the commercial and overlooking bay. On the Dubai Water Canal (with 299 deals), the "Bella Rose" project of "Deyaar" in the Dubai Science Park (with 253 deals), and "Palace Residences" of "Emaar" at Dubai Creek Port (with 237 deals),
The company «Damac Real Estate» also performed well, as the Paramount Tower Hotel and Residences project, located in Business Bay, achieved 230 deals, along with 227 deals within the “Icon City” project in Tower (C) in Business Bay as well.
For its part, Lynette Abbad, Director of Research and Data Department at Propertyfinder, said that “the real estate market in Dubai is moving during the coming period in an accelerated manner, in conjunction with the launch of a set of facilities and positive decisions, the most prominent of which were Cabinet decisions to extend the residencies of some categories In addition to the completion of a number of mega projects, especially in the infrastructure sector that will contribute to stimulating demand for the real estate market, in addition to the facilities provided by the developers, which appeared in the payment facilities and the advance payment, and bear the fees », expressing optimism about the real estate market In a Emirate, during the coming months until the end of the year.
She added, "The most interesting thing in this data is that the most popular real estate in the market was all within a very reasonable price category."
She pointed out that despite the challenges facing the global economy, the local economic conditions are reassuring, with the support of government incentives, and the real estate sector is one of the most beneficiaries of these incentives, which gives it a continuity of activity despite the repercussions of the Corona crisis, as the sector obtained several advantages In government support as one of the most important sectors in the state by reducing fees in relation to the sale and rental sectors, stressing that the local real estate sector is able to deal with these repercussions, especially in light of the continued demand for it for the purpose of investment.