Casa Arabe is committed to being a meeting point between Spain and the Arab world
"New locations such as CityWalk, Bluewaters Island, Bvlgari, Dubai Creek Harbour and Dubai Hills Estate make both investors and end-users very excited about new stock. People are now expecting an upgrade in quality since a lot of the existing stock looks a bit aged and the price levels are more or less the same as a new stock when upgraded. Eighty per cent of the off-plan luxury market is going to investors. Off-plan properties also have the added advantage of flexible payment plans," said Alexander von-Sayn Wittgenstein, luxury sales director at Luxhabitat.
The new supply of luxury real estate is expected to result in a readjustment of price points on the secondary market.
deepthi@khaleejtimes.com
Casa Arabe is committed to being a meeting point between Spain and the Arab world
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