Developers in Dubai are coming up with off-plan projects as sale of the same is gaining momentum all over. The sale of off-plan projects is now at par with the ready-to-move properties. In fact, off-plan projects are giving tough competition to the ready projects.
Developers are offering amazing payment options to attract investors as well as individual buyers. Off-plan property prices which are way lower than ready properties are becoming the obvious choice for customers.
New Launches in Dubai South and beyond:
Projects launched by developers in Dubai South area get sold out immediately. This shows how big is the demand for off-plan projects in this area. Even beyond Dubai South, off-plan projects are gaining momentum.
According to a recent report, ready property is in high demand in Shaikh Zayed corridor whereas off-plan projects are more popular in Mohammad Bin Zayed area.
Why is affordable segment gaining ground?
- Due to the greater depth in price factor, off-plan projects are becoming very popular.
- With government owned real estate (GRE) and leading developers entering into affordable segment, sale of off-plan has been seeing an upsurge.
- Developers are looking for more off-plan space in order to spread their projects all over Dubai owing to faster sale.
Property developer like Danube Group has been exploring off-plan space in Dubai due to the increasing demand. Besides, developers are offering amazing payment plans to entice customers.