“Real estate competitive” provides expanded offers during Ramadan

Real estate markets in Dubai and Sharjah are witnessing competitive offers since the beginning of the current month of Ramadan, with companies offering expanded offers, which give added value to real estate buyers during the month of fasting.

Aqaris told «Emirates Today» that the Ramadan season is witnessing offers at great rates to buy real estate compared to the last season, due to these offers to high competitiveness and the demand for real estate in Dubai at unprecedented record rates.

They explained that the offers, a large number of which concentrated in Dubai, included advantages, the most prominent of which is the installment of the first batch for the purchase of real estate, the load fees and the commission, as well as the service fees for the first year, and price discounts in different rates, and granting buyers furnished real estate, and facilities in payment for ready -made real estate, pointing to these offers greatly contributed to attracting many new investors, what It strengthened the high real estate sales momentum during the month of Ramadan.

According to the data of the Land and Property Department in Dubai, the total real estate sales in the Dubai market during the first half of Ramadan until now reached 23.53 billion dirhams, through 7518 transactions.

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In detail, the CEO of “Harbor Real Estate”, Dr. Muhannad Al -Wadia, told “Emirates Today”: “Dubai markets have witnessed since the beginning of the blessed month of Ramadan, the launch of extensive offers on real estate sales when buying during the month.”

He added: «One of the most prominent offers on the market is payment facilities when purchasing ready -made real estate, and granting privileges to pay with the developers, in addition to a offer that includes installments of the first batch of purchasing the property to pay 50% of the value in cash and the other half in batches.

Al -Wadia continued: «The expanded offers also included the assumption of real estate registration fees in some units, as it included in companies, to bear the service fees during the first year of purchase, in addition to real estate management offers during the first year at the lease.

Al -Wadia stressed that “the current Ramadan season is witnessing offers at great rates to buy real estate compared to the last season,” due to the high intensity of competitiveness and the demand for real estate in Dubai at unprecedented record rates.

Extensive offers

For his part, the real estate mediator Hussein Al -Sheikh said, “The real estate markets in Dubai and Sharjah have witnessed extensive offers on real estate during the month of Ramadan, and at rates exceeding the previous Ramadan season.”

He added: «The most prominent offers offered included granting buyers furnished units, with the installment of the first batch of the value of the property, in addition to price discounts that reached about 20%, and real estate companies offered offers to bear the registration fees when purchasing during the month of Ramadan.

He continued: «These offers focused large proportions of them in the Dubai Real Estate Market, which contributed to raising the momentum of real estate sales during the month of Ramadan, and increasing competitive rates with many companies going to expand their offers to attract investors.

Attracting buyers

In the same context, the general manager of “Awad Gargash Real Estate Company”, Raad Ramadan, said that “the current Ramadan season witnessed many promotional offers and discipline by real estate developers, which contributed to raising competitiveness in the markets at great rates, and supported attracting many buyers of real estate from inside and outside the country.”

He added: «One of the most prominent offers on the market is the granting of additional facilities for payment when purchasing during the month of Ramadan, or installments of the first batch of the total value, in addition to offers to carry registration fees when purchasing during the month of Ramadan.

Ramadan emphasized that these offers have a great effectiveness in motivating buyers to acquire new units, whether ready or that are still “under construction.”

Real estate investment

As for the executive director of the “Somme Real Estate Company”, Sufyan Al -Salamat, he said that “the real estate offers offered in the Dubai and Sharjah markets during the month of Ramadan is one of the attractions that many developers depend to keep pace with the high competitiveness in the markets, especially in light of the high demand, and many companies tend to raise their market shares from sales.”

He stressed that “these offers support real estate investment in the state markets, and the records recorded unprecedented in real estate sales during the previous periods.”

He pointed out that the focus of offers on installments of the first batch, and carries the registration fees or price discounts, but rather takes into account the basic needs of interest to the largest segment of buyers, and in a way that supports providing facilities to complete purchase deals for investors, and raise real estate sales during the month of Ramadan.