1% MONTHLY PLANS ARE SHOWING UP EVERYWHERE IN DUBAI’S PROPERTY MARKET: In Dubai's evolving property market in 2024, a notable trend is the widespread adoption of the 1 per cent monthly payment plan, even extending to villa projects. This approach aims to attract end-user buyers by offering a more manageable alternative to the traditional lump-sum payments every few months. While significant developers like Emaar, Nakheel, Meraas, and Aldar can maintain traditional patterns, others are embracing the 1 per cent monthly plan to stand out. Danube was the pioneer in introducing this strategy and remains committed to it. This strategy is crucial in the following market phase, as the previously booming demand is expected to stabilize. Moreover, handover timelines are also becoming crucial for sales success in 2024, and developers with a history of on-time completions are expected to excel. Additionally, there is a recent trend of project announcements with affordable starting prices, such as Samana's Al Barari project with prices under Dh1 million and the 1 per cent payment plan. (By Dhanusha Gokulan, Chief Reporter)
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