Dubai’s property market and its developers had lots to cheer about in February, with offplan sales recording their best monthly performance since May last year.
About 1,700 offplan property deals were recorded last month as against May’s figure of 2,006 units and just ahead of October 2018’s tally of 1,666 units, preliminary data show. (In January, offplan sales had totalled 1,360 units.)
In value terms, things got even better during February — the 2,006 homes sold had a combined value of Dh2.8 billion plus and with only December 2017’s Dh3.5 billion being better than that during the subsequent 13 months.