Off-plan sales preferred by users over completed units in UAE
Off-plan sales were preferred over completed units in the UAE in 2017 due to flexible payment plans.
That’s according to Asteco, which shared the UAE Real Estate insight spanning nearly 10 years.
The report shows that this was the case due to the market becoming tenant/investor driven as a result of continuous increasing supply.
Results also suggest that despite a positive outlook for global economic recovery in 2018, the knock-off effect may not be felt until later this year or early 2019.
John Stevens, Managing Director of Asteco, shares some of the other real estate trends that have emerged in the past year.