Dubai realty market gains pace due to surge in demand for housing units

Dubai realty market gains pace due to surge in demand for housing units

The Dubai property market is on a solid growth and is marching ahead bucking the global trends. The realty market is active in the recent weeks due to an increase in demand for housing units, in line with the success of Dubai Expo 2020. This was revealed by Islam Ahmed Suleiman, CEO, Reportage Properties, recently to the media in Dubai. He stressed that the real estate market in the UAE encourages the launch of new projects, in light of the strong demand for quality projects, which are characterised by the availability of various services and attractive facilities The developer has announced a special offer on their new project, Verdana, located within the Dubai Investments Park. The offer includes a 15% discount, when the buyer put a down payment of 30% of the unit value, with a commitment to pay only 1% per month. They also offer another choice of a 10% discount when putting a 20% down payment, and 1% monthly installments, or a 5% discount when putting a 10% down payment, with only 1% of the unit value paid on monthly installments. The Verdana project consists of 305 townhouses of 4 rooms and a maid room, with areas ranging