Dubai sees 76% jump in February off-plan property deals – ZAWYA

Dubai sees 76% jump in February off-plan property deals – ZAWYA

Dubai sees 76% jump in February off-plan property deals. Dubai's property market has witnessed a massive uptick in the real estate transactions during the first few months of 2020 with the off-plan deals surging by 76 per cent in February compared to the same period last year, said a report by UAE real estate portal Property Finder.. The latest Dubai Land Department transactions update reveals a 12% rise in overall transactions in January compared to last year, but February saw an enormous 33% hike in transactions and an incredible 76% rise in off-plan transactions.. According to Property Finder, the big ticket sales concluded in February include an Dh700.2 million purchase deal for the iconic Shangri-La Dubai hotel on Sheikh Zayed Road and the Dh75-million luxurious seven-bedroom luxury villa in Dubai Hills.. Off-plan villa projects proving most popular in February were situated in the well-established Arabian Ranches 3 area and the up and coming Dubai South (Dubai World Central) zone - notably the closest district to the Dubai Expo 2020 site, it stated..