Dubai sees high demand for ready-made housing

In 2018, there was a significant shift in trends in the Dubai real estate market. In particular, demand for completed or near-completion properties has increased significantly.

According to GCP-Reidin, AED 20.6 billion worth of completed homes were sold in the first 11 months of 2018, down 3 percent from In the past year. At the same time, the volume of sales in the housing market under construction reached 20,636 US dollars, which is 34 percent less than in the corresponding period of 2017.

Even in terms of the volume sold for the year in Dubai real estate off-plan (16,031 units), a figure of 27 percent less than the same period in 2017. In November, 1,394 off-plan housing transactions were registered in Dubai. May was the only month this year when sales of housing under construction exceeded 2,000 units.

At the same time, if we are talking about the sector /">ready-made housing, these trends do not work. Sales of finished properties in Dubai in the first 11 months of 2018 amounted to 10,840 units, which is only 2 percent (or 213 units) less than last year.

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