Hamptons International, a subsidiary of Emaar Properties, in its annual overview of the Dubai property market reported significant growth in off-plan sales, particularly in mega-developments such as Dubai Creek Harbour, Dubai Hills Estate, Downtown Dubai and Emaar South.
The buying power was led by GCC, South Asian and European investors who see Dubai as a great platform for safe ROI in the long-term. Hamptons International also reported a surge in the number of Chinese investors led by the strong growth in Chinese businesses and tourists showing interest in commercial and ready properties as well as for off-plan real estate.
Mohab Samak, GM of Hamptons International, said: “Our annual review of Dubai’s property market reports a significant surge in off-plan sales, which underlines the robust credentials of the industry and the growing interest by regional and international investors to buy property in the city. The positive performance of the economy, the concerted efforts of the authorities to build investor confidence, and the incredible value offering by projects such as Dubai Creek Harbour, Dubai Hills Estate and Emaar South contributed to this growth, which has been among the best in recent years.”
Source: Gulf Today