To buy or not to buy, that is the question making rounds in the minds of UAE residents who have been staying in a rental accommodation for a prolonged period. The market now is favourable for buyers looking to own a property in the country. Since a couple of years, young and middle-aged residents have been on the lookout to own a property rather than renting one for years at a stretch.
Residents who plan for a long-term stay in the UAE have been leaning towards becoming owner-occupiers owing to the rising rents. As a result, newly launched projects have been selling out at a faster rate, some of which within days of launch. Residences developed by major players in the real estate market have been fully sold out due to their attractive payment plans and inexpensive luxury constructions.