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Many UAE residents are shifting from rented homes to permanent homes
Dubai Announcer > News > Lifestyle > Many UAE residents are shifting from rented homes to permanent homes
Lifestyle

Many UAE residents are shifting from rented homes to permanent homes

Many newly-launched projects are being sold out very quickly, some of them in a day.

Moosa Rashed
Moosa Rashed May 31, 2022
Updated 2022/05/31 at 11:31 AM
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The residents who intend to stay in Dubai on a long-term basis are increasingly opting to purchase properties rather than rent them.

Recently, in March, Danube Properties’ 300M AED Pearlz project was sold out on day one of its launch.

Also Read: The luxurious residences continue to be a popular choice with both locals and ex-pats in Dubai

We have successfully sold out the complete launched inventory of our project. Moreover, the projects are being successfully sold out because many investors have a lot of confidence in Dubai, plus prices in Dubai are much lower than other major cities.

Rizwan Sajan, founder and chairman of Danube Group.

Therefore, a lot of investors are investing in property to hedge against inflation.

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Moosa Rashed May 31, 2022
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