Low cost off-plan property sales rise in Dubai

123/Dmytro Sidelnikov

Low cost, off-plan properties with attractive payment terms have helped to drive transactions up by 24 per cent so far this year.

That's according to data by Property Finder, which showed more than 18,800 sales of units priced under AED 1.5 million, between January and September of this year.

The softening of prices across the real estate market is proving popular for budget-conscious investors.

The secondary market, however, saw more sales of properties priced at over AED 5 million.

More from Business News

  • EU seeks unity in first strike back at Trump tariffs

    European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

On Virgin Radio today

Trending on Virgin Radio