High Uptake of Prime Commercial and Residential Projects Reaffirm Improving Trends in UAE Real Estate Sector
Dubai-UAE: 28 May, 2013 – Deyaar Development (Deyaar), a leading real estate developer and services provider, today announced the securement of deals worth over AED170 million at an exclusive sales event held in May. The achievement reaffirms signs of strong recovery trends in the UAE's real sector and a significant surge in investments from both regional and global entities.
Deyaar organised the three-day event attracting hundreds of visitors looking to benefit from the special time bound offers on prime commercial and residential real estate developments at Business Bay, Dubai Silicon Oasis and the International Media Production Zone.
Commenting on the phenomenal performance recorded during the gallery sales of the properties, Saeed Al Qatami, Chief Executive Officer, Deyaar Development, said: “The remarkable response received at the event, especially for residential developments is a striking indicator of the upturn in the real estate sector. We have sold over 200 units at this event only. This heralds evolution and growth of the economy in 2013 and through the coming years, especially since real estate growth is an important stimulant to progress for other important sectors.
“We are highly optimistic about increased flow of investments and improvement in property prices over the next three quarters. The event was initiated on the back of this conviction. The event provided potential investors with an opportunity to benefit from recent growth trends among premium real estate products that offer guaranteed and potentially higher revenues.”
The event, which was held from 14-16 May at Dusit Thani Dubai, aimed to support the community in realising their aspirations of owning a home of their choice in Dubai. Visitors were given an opportunity to interact with representatives of key financial advisers and banks, including Dubai Islamic Bank, Abu Dhabi Commercial Bank and Mashreq Bank, who were present to offer information on loan options and flexible mortgage payment plans for potential property buyers.