The old saying of “anything is possible in Dubai”, applies to real estate industry too. Being the backbone of the economy today by contributing a significant 7.4% to the total GDP in H1 2019, discerning investors have explored all possibilities when it comes to the property market – the two ends of the spectrum being buying a dream home to building one from scratch. But with current market conditions, contracting land rates, attractive offers and bespoke payment plans that stretch the duration between 15 – 20 years, buyers are now more keen on buying a plot and realizing their dream of creating their own abode from ground up, rather than depend on their developer’s limitations.
Luxurious plots in Dubai, a rather niche category of premium land areas, has received the highest searches on popular property portals across the UAE. Many factors contribute to this surge in plot for development sale in Dubai, including long-term visas, ease of many government restrictions, personalized payment plans and changes of ownership laws to name a few. The data also confirms that search for ‘lands Dubai direct owner’, saw an immediate closure of deals too.
The current plots sales for Dubai are the highest in the region, signaling a slow but steady recovery of the property-backed economy. This is evident from the uptick seen in sales of residential plots where land for sale in Dubai attained maximum traction as compared to hospitality avenues, retail outlets and even commercial properties.
Falconcity, a leading property developer of the region, offers spacious land areas with Falconcity Plots. Located strategically on two main Dubai highways connecting all 7 emirates, with airports close-by, central business districts within a 10 minute drive, and a complete residential community within the premise, replete with all the requirements including a supermarket, a pharmacy, a foodcourt, a fitness facility with gym, swimming pool, basketball court, tennis and squash courts, to just name a few. With the introduction of Plots, Falconcity now ventures in the leasable and salable land market, where spacious and bespoke freehold residential areas are offered not just at attractive prices, but also with customized payment plans. Known for its focus on quality, Falconcity will redefine the residential land space and create a signature brand that will soon be the gold standard plots.