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Contents	<div style="text-align: justify;"> <strong>By end August, sales zoom past Dh88 billion as buyers pile into ready and off-plan homes</strong></div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> A view of Dubai Canal at night. By November, developers will start getting back with full-scale launches in Dubai after giving it a miss for the whole of 2020.</div> <div style="text-align: justify;"> </div> <div> <div style="text-align: justify;"> Dubai: Recovery for Dubai’s property market cannot get any better – total sales are closing in on the Dh100 billion mark for 2021. By end August itself, the numbers have rocketed past Dh88 billion – and that’s well ahead of even the most optimistic forecasts put out at the start of the year.</div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> This year, end-users and first-time buyers are leading the turnaround for the property market. Mortgage-backed deals too are on the increase, as residents with longer term plans to be in the country switch from renting to actually buying a home.</div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> But the biggest plus – from a developer standapoint, at least - from the August transaction numbers put out by Property Finder is that offplan sales too are making a strong recovery. If this moment lasts for another six months at least, worries about unsold apartments clogging up the city’s property market will prove largely unfounded.</div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> Now, the talk is that by November, developers will start getting back with full-scale launches in Dubai after giving it a miss for the whole of 2020. In fact, the forecasts were that a recovery will be seen only by 2023-24.</div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> </div> <div> <h3 style="text-align: justify;"> Blockbuster months</h3> <div style="text-align: justify;"> In fact, sales during June and in August were the highest monthly sales in a decade. The number of Dh1 billion daily deals registered at Dubai Land Department, too, is rising. The belief among end-users is that if they delay any longer, property values will start increasing and they would have missed out on a good opportunity.</div> <div style="text-align: justify;"> </div> <div> </div> <div> </div> </div> </div> <p> <img alt="dubai property" src="/www.bibuthomas.com/falcon_admn/images/blockbuster month dubai.jpg" style="width: 100%; height: 421px;" class="w-100"/></p> <p style="text-align: justify;"> <strong>The number of Dh1 billion daily deals registered at Dubai Land Department, too, is rising.</strong></p> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> “Every day I get at least 10 calls from brokers wanting to know whether I plan to sell any of my properties on the Palm or Dubai Hills,” said one of the biggest investors in the city. “I tell them, politely, why should I sell now when the market is only beginning to pick up?</div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> “For five years, these properties were quoting below their sale value. Now, the fun is starting.”</div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> For Dubai property market, the fun will be how quickly it can get past the Dh100 billion tally in the coming weeks.</div>
Homepage Heading	<p> By end August, sales zoom past Dh88 billion as buyers pile into ready and off-plan homes</p>
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