A number of real estate experts said that the talk about demand decline in Dubai is greatly exaggerated, the declarations came in the context of the International Property Show held nowadays in Dubai.
Zyad Al Chaar, the managing director of Damac Properties, said to Gulf News that the company is looking at sales value of 2.7 billion dirhams during the first quarter of this year which is nearly equivalent to the achieved sales during the last quarter of the latter year.
The sales hike continuation according to Al Charr reflects customers’ influx on purchasing and investing in Dubai. He added also that foreign investors are still interested in Damac projects either Akoya, Akoya Oxygen, or the various hotel apartments developed by the company.
Chandrakant Whabi, CEO of Acrohouse Properties, said that the company’s deals in February alone for off-sale and completed units reached 2.37 billion dirhams, while January witnessed sales value of 2 billion dirhams.