According to the latest report by Reidin, off plan property sales rose by 58 percent for the first five months of 2017 in Dubai, comparing to the same period last year.
Base on the data of registered transactions in Dubai Land Department, a total of 7,152 off plan units were sold between January to May, when compared to 4,521 units in the previous year.
Further to the findings the largest increase was recorded in Dubai South area that is next to Al Maktoum International Airport and Dubai Expo 2020, with sales hiking by 614 percent to 528 units compared to 74 units last year.
Jumeirah Village Circle sales rose by 170 percent to 923 units compared to 342 units in 2016, where Dubai Creek Harbour increased by 124 percent to 632 units from 282 units last year.
While Dubai Marina has recorded a 120 percent growth, Downtown Dubai rose by 61 percent to 820 units from 510 units.
It is estimated that nearly 15,000 new units will be completed in 2017 comparing to 16,000 unites delivered in 2016.
Hamptons International one of the leading real estate agencies in Dubai, has a large portfolio of properties for sale & leasing in vast emerging communities, within both primary and secondary segments.
Hamptons International also offers additional services in property management, valuations & research and off plan projects development & marketing.
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Source: Arabian Business