Low cost, off-plan properties with attractive payment terms have helped to drive transactions up by 24 per cent so far this year.
That's according to data by Property Finder, which showed more than 18,800 sales of units priced under AED 1.5 million, between January and September of this year.
The softening of prices across the real estate market is proving popular for budget-conscious investors.
The secondary market, however, saw more sales of properties priced at over AED 5 million.
Former Binance chief guilty of money laundering
Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
Emirates attracts pilots with higher salaries, new perks
Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.
Spinneys increases IPO retail offering due to high demand
Supermarket chain Spinneys has announced its decision to increase the number of shares allocated to the UAE Retail Offering of its IPO due to high demand.
IMF $1.1 billion tranche to help Pakistan's economic stability, says PM Sharif
The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme.
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