Dubai’s master developers have found a perfect way to deal with lenient demand on high end property. It plans on selling plots (a trend that was initially limited to one or two developers). Their target currently not the high net worth investor but everyone.
Damac Properties recently opened a plot sale and is offering Dh600,000 or more (if the buyerhas an extended timeline of 10 years to build on them).
Ziad Al Chaar (Managing Director) said in a statement “For those investors considering suitable long-term opportunities, this development represents the perfect occasion to plan for their children’s future, their own retirement or to grow and enhance their financial portfolios”.
Plots sales and now at its peak and it has affected places like Al Fujan, Deira Island, Jumeirah and Mohammad Bin Rashid.