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Dubai registered 617 off-plan sales transactions during Cityscape Global 2017

UAE - October 12, 2017

Dubai Land Department announced that during Cityscape Global 2017 held between 11 and 13 September 2017; Dubai off-plan sales reached more than $237m (AED870m).

According to a research by Property Monitor, the exhibition’s data partner; 617 off-plan sales transactions were registered in the week following the event and more than 45,500 attendees were recorded by the event’s exhibitors.

In a statement for Lynnette Abad, partner and head of Property Monitor, he stated that Dubai Land Department transactions during the show as well as the week after the event show that off-plan sales for apartments outnumbered those for townhouses and villas.

“This highlights the shift in investors’ and end-users’ preferences, which is likely backed by the location of the property, security of investments, and income yields,” Abad added.

 

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