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Dubai developers rush offplan launches ahead of any price correction

by daily times
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By Staff Reporter
Dubai offplan launches and sales in Dubai have been picking up speed in recent months as developers try to adjust to any possible near-term price corrections.
Image Credit: Bloomberg
Dubai: Developers in Dubai are in a rush to launch their latest projects or release more offplan units at their existing ones – but this time it’s not just about trying to meet demand.

A recent report by global rating agency S&P spoke about the chances of likely price corrections in the Dubai property market at some point in the next 18 months or so, which could ‘lead to lower prices and rents’.

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