Rapid Sellouts: Abu Dhabi, Dubai Property Projects Within HoursEstate
RAPID SELLOUTS OF PROPERTY PROJECTS IN ABU DHABI, DUBAI WITHIN HOURS
In the UAE, property projects in Abu Dhabi and Dubai are selling at an astonishing pace, often within hours of their launch, driven by high-net-worth individuals, foreign investors, and residents seeking luxury at comparatively lower prices. Despite forecasts of slower growth in the real estate market, demand remains robust, with buyers capitalizing on the allure of high-quality projects with prime locations and attractive pricing strategies. For instance, Wasl1’s Park Views Residences Tower A, overlooking Zabeel Park in Al Kifaf, sold its entire 600 units within 36 hours, highlighting the winning combination of quality, location, and affordability.
Similarly, Aldar Properties’ Haven development in Abu Dhabi witnessed rapid sales, with over three-fourths of units purchased by foreign investors and expat residents, generating over Dh3.1 billion in sales. Binghatti Holding and Danube Properties have also experienced strong demand for their luxury projects, with Binghatti Holding’s CEO reporting successful sales of high-end apartments despite starting prices of Dh20 million-plus. These instances underscore the sustained appeal of the UAE’s property market, attracting both local and international buyers keen to invest in prime real estate opportunities.
Similarly, Aldar Properties’ Haven development in Abu Dhabi witnessed rapid sales, with over three-fourths of units purchased by foreign investors and expat residents, generating over Dh3.1 billion in sales. Binghatti Holding and Danube Properties have also experienced strong demand for their luxury projects, with Binghatti Holding’s CEO reporting successful sales of high-end apartments despite starting prices of Dh20 million-plus. These instances underscore the sustained appeal of the UAE’s property market, attracting both local and international buyers keen to invest in prime real estate opportunities.
