Dubai: Property buyers queue up as new projects get sold out within hours of launch

Dubai: Property buyers queue up as new projects get sold out within hours of launch

The Nshama project is oversubscribed and was sold out within three hours

Image used for illustrative purposes only

Published: Mon 20 Jun 2022, 8:58 AM Last updated: Mon 20 Jun 2022, 8:59 AM

The common sight of long queues of property buyers which were seen during pre-Covid days is back in Dubai. As the real estate market makes a strong comeback, Dubai is yet again witnessing investors and end-users queuing up to grab a slice of properties being launched by reputed developers.

The UAE-based property developer Nshama’s 200-plus units of Shams Townhouses located in Town Square were snapped up by investors and end-users within a few hours of its launch over the weekend. Long queues of potential buyers were seen outside Nshama Townsquare Sales Centre in the early hours of Saturday.

Jeff Raju Kuruvilla, a sales manager with Positive Properties, said he was one of the earliest in the queue.

“By around 4am on Saturday, there were more than 100 people waiting in line. At 9am, when the gates opened, people started rushing in for their tokens. It reminded me of the scenes eight years ago when the Dubai property market was booming.”

Jeff was in the queue for buyers who wanted to get their hands on