Lewis Allsopp LIVE on Dubai Eye 103.8 FM Are property developer buyback schemes creating a solid foundation for the current Dubai real estate market?

Lewis appeared on Dubai Eye 103.8 FM as a guest of Georgia Tolley on ‘The Agenda’.

Hot topics discussed during the show included:

The impact of property developer buyback schemes on the Dubai real estate market Dubai real estate market liquidity levels over 2023 Buyer finance/mortgage options heading in 2024

“Looking back on 2008, people were diving into developer buyback schemes, putting down an initial 10% payment and spreading the remaining 90% over the project completion. When financial conditions took a turn for the worse, we saw payment default rates rise, sucking the liquidity out of the market and causing many off-plan projects to stall - and in some cases cancelled altogether.

_Fast forward to today, and we see property developers in the region able to command far greater capital upfront (60%) and de-risk projects with smaller payments over the project build phase (40%). _

This approach coupled with tighter market regulation has ensured developers have been able to consistently deliver projects on time and injected buyer confidence back into the market at all levels” - Lewis Allsopp, CEO of Allsopp & Allsopp Group.

Listen to Lewis Allsopp now on The Dubai Eye 103.8 FM to know more.