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Properties in Dubai 'sell quickly'

Date : (News Section: United Arab Emirates)

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Properties in Dubai 'sell quickly' It does not take long to find a buyer for a resale home in Dubai, according to one local real estate expert.

Speaking to the Khaleej Times, Sultan Butti bin Mijrin, director-general of the Dubai Land and Properties Department, explained assets are being snapped up in as little as 15 days.

He stated: "It will not take more than a month to find a buyer for a property put on the market in Dubai."

In addition to the popularity of properties in Dubai, the process of completing a transaction has also been sped up.

This means registration procedures that previously took six days can now be completed in one.

Data published recently revealed that the volume of real estate deals did not decline during Ramadan, which is traditionally a slow time for the market.

According to the Dubai Land Department figures, 203 properties in the Marina area alone were registered during August, while 189 units in the Burj Khalifa were also sold last month, Emirates 24/7 reported.

Article by +Danny Bance on behalf of Propertyshowrooms.com News Desk ()

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