The Vibe with Maz Hakim
I Wish
21 Savage & Jawan Harris
Listen to Virgin Radio
Listen Live

More first-time buyers getting onto UAE property ladder: survey

Thursday, 14 November 2019 11:47

123RF

The number of first-time homeowners seems to be increasing in the UAE.

That’s according to a study by the real estate portal Property Finder, which also indicates a rise in the demand for completed units rather than off-plan property.

It says the price declines over the last few years have now made several popular master communities affordable.

More than 40 per cent of respondents said they were in favour of purchasing a ready unit this year while only around 6 per cent said they would opt for off-plan property.

Dubai has registered 18,164 off-plan residential sales so far in 2019 compared to 12,605 transactions in the secondary market.

Share

More from Business News

  • UAE leads high-level delegation to Egypt for CEPA negotiations

    Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of Foreign Trade, has led a high-level government delegation to Egypt as negotiations continue to secure a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

  • Sharjah Ruler approves 2026 general budget of AED 44.5 billion

    His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the emirate’s general budget for 2026, with total spending set at around AED 44.5 billion.

  • Andre Agassi to headline 11th Dubai International Project Management Forum

    Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Executive Council of Dubai, the 11th edition of the Dubai International Project Management Forum (DIPMF) will bring together an elite line-up of local and international speakers, including ministers, heads of authorities and institutions, and senior executives from leading global companies.

  • Disney+ joins 1 Billion Followers Summit as strategic partner

    The 1 Billion Followers Summit, the world’s largest global event dedicated to the content creation economy, has announced Disney+, the streaming service of The Walt Disney Company, has joined as a Strategic Partner for its fourth summit.

On Virgin Radio today

Trending on Virgin Radio

Our Shows

Text us on WhatsApp

More from VRD

Virgin, Virgin Radio and the Virgin Signature and Virgin Radio logos are trademarks of Virgin Enterprises Limited and are used under license.
For more information on Virgin Radio International visit www.virginradio.com

© 2025 ARN and Aiir. All Rights Reserved.