Dubai property agents go all out to sell Dh1m townhouses, villas

Brokers selling Dubai Properties Group’s (DPG) “Serena” in Dubailand are asserting on the price factor - Dh1 million onward for townhouses and villas. (Supplied)

Real estate agents in Dubai are leaving no stone unturned to sell out upcoming new villa and townhouse project.

Currently, they are involved in sending endless sms’ and emails to inform customers of the best bargain deals from two of the emirate’s biggest developers.

Brokers selling Dubai Properties Group’s (DPG) “Serena” in Dubailand are asserting on the price factor - Dh1 million onward for townhouses and villas.

“Unbelievable rates from the developer with 2 and 3 bedroom townhouses/villas, starting from Dh1 million,” reads a sms by a property agent.

On the other hand, Emaar Properties; brokers are focusing on the post-completion payment plan for "Sidra" villas in Dubai Hills Estate.

Agents claim it is for the first time that the developer will be taking 40 per cent of the unit price after handover.

Though the developer never officially announces sale prices, property websites are putting prices at around Dh900 to Dh1,000 per square feet.

Emirates 24/7 has reported that developers have been waiving off four per cent registration fees to attract buyers with Emaar doing so for its completed Casa villas in Arabian Ranches.

Last week, Damac Properties went ahead with two schemes, offering investors a “guaranteed annual return on advance payments during construction of three per cent per year” and a “capital guarantee” scheme.

Despite global and local real estate experts have predicted a slowdown in property deals, Dubai Land Department Director-General Sultan Butti Bin Mejren told this website on Tuesday that the emirate has registered total deals worth Dh68 billion in just 53 days of this year.

JLL, a real estate consultancy, has already mentioned that the UAE remains an attractive real estate market, especially for owner-occupiers and those investors taking a long-term perspective, even though prices will fall by up to 10 per cent.

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