cap: Ivana Gazivoda Vucinic
Dubai’s position as a safe haven for investors is continuing to grow with a 45 per cent increase in the number of transactions for off-plan properties in the first quarter of this year, according to the latest report from Chestertons, a leading international property consultancy firm.
Over the first three months of the year, there was also a 4 per cent average rise in the number of transactions for ready properties, it said.
Ivana Gazivoda Vucinic, head of advisory and research, Chestertons Mena, said: “In the first quarter we witnessed positive movement on the residential transaction side for both transaction values and volumes. This is partly due to the increase in incentives and payment plans created by developers to make it more financially amenable for investors to purchase property.