Shifting buyers’ behaviour shapes rising demand in the UAE ...United Arab Emirates

While rental rates are rising across the country, real estate demand continues to boom. A major shift in buying behaviour has come through as a result of the pandemic that has extended into the first quarter of the year and a greater preference is placed on completed residential units, rather than on off-plan units. This is reflected in the sales seen through the first quarter of the year as the Dubai Land Department says that 70% of all transactions were finished units. 2022 has seen more end users continue to buy across the city due to low mortgage rates as these buyers are looking for larger living spaces in low density communities. The average sales price has increased 11% in the first q

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Last updated : 20 July 2022 clock 12:32 PM

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Shifting buyers’ behaviour shapes rising demand in the UAE ...United Arab Emirates

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