Sales of affordable housing units in Dubai surge
One of the interesting trends that dominated Dubai real estate is the increased number of affordable houses sold in the year 2019. As the latest data shows, properties priced below Dh1.5 million are seen to dominate real estate transactions in Dubai. Statistics show that there have been almost 18,900 affordable houses sold from January to September. If you compare that to around 17,000 for last year’s same period, that’s an increase of 10.9 percent. Experts have identified some reasons behind the trend, which are: Growing young population Increased number of bachelors Increased number of small families Better deals and flexible payment options for investors Correction in prices Decreased average property prices According to the ValuStrat’s head of real estate research, Haider Tuaima, the trend will continue for many years because of the high demand for affordable housing. Not only that, but their research shows that current prices h...