Property deals to help you buy real estate in Dubai
As new real estate projects continue to come online in Dubai, developers with stock to shed are pulling out all the stops to lure buyers in — from installment plans for as little as Dh120 a day to rent-to-own schemes for as long as 20 years. With a variety of financing options available, some analysts say it is the perfect time to get on the property ladder.
Villas and apartment prices in the first half of 2019 were around 12 percent cheaper than they were in 2017 and approximately 4 percent cheaper than in the second half of last year, according to the latest Property Finder Trends report. Although apartment transactions were down by 5 percent, villa sales increased by 35 percent, the report said.
Dubai recorded Dh106 billion worth of real estate transactions in the first five months of this year, up 12 percent compared to the same period last year, according to the Dubai Land Department’s annual report released last month.