GONE IN 48 HOURS: If enough developers can convince what they are offering is the right value for these troubled times, then Dubai’s property market can plan its way towards a quicker recovery. But buyers and investors need to be convinced they are getting the real deal… and not some version of a raw deal. If they are convinced, they are willing to sign up… as evidenced by the 300 units sold at a residential community earlier this week. That’s not the key takeaway – that the developer managed a sold out in 48 hours is what should matter. Why? Because at the price points on offer, Dh1.2 million and over for three- and four-bedroom units set within a lot of green and water bodies, buyers felt they are being served value. Value will sell… value-adds even more so. Even with a pandemic around. [COMMENT BY: Manoj Nair, Business Editor]
Antonin Kelian Kallouche/Gulf News