Q3 report reveals a buoyant market, the most popular areas to buy and rent. Allsopp & Allsopp, the award-winning local real estate firm has revealed its sales and lettings report for the period July to September 2017.
The Business Bay-headquartered company report for Q3 2017 reveals it successfully helped move some 589 families into new homes in the last quarter.
Nearly half of buyers paid cash for their new homes (45%), with 37% of those buyers taking on the new property as an investment. The majority (63%) were buying as end users.
Some 55% of buyers managed their purchases through finance options. Allsopp & Allsopp saw an average net agreed price of AED 2,560,888.
In terms of the rental market, cheque payments still dominate, with landlords mostly requesting payment by one, (30%) two (30%) or four (31%) cheques.
Most popular communities for buyers are Downtown Dubai, Dubai Marina, and Jumeirah Golf Estates, a trend almost mirrored by the rental market, which puts rental properties in Dubai Marina just ahead of Downtown Dubai and Jumeirah Golf Estates.
Most buyers found their new homes via the company’s strong online presence (65%), more so when it came to finding a rental property (71%).
Lewis Allsopp, CEO, says: “These figures are extremely gratifying, and we continue to feel like we are bucking the trend. We are simply not seeing a downturn in the market. Maybe it’s down to our professionalism, our highly qualified staff, the longevity and trust we have in both the local and international markets, or it could be simply down to the excellence of our property portfolio. Regardless, I remain proud of my staff, and would like to thank all our buyers and tenants for putting their trust in us.”
Allsopp & Allsopp's staff are all highly qualified experts, chosen for their local market expertise, qualifications and high levels of customer understanding and service.
After opening its first office in Dubai in 2008, Allsopp & Allsopp now has eight branches open and planned across Dubai by the end of next year.
British-owned Allsopp & Allsopp operates to international service standards, having won 22 international property awards. Its growing team offers deep local knowledge, especially with the aim of having more agents in any one area than any other Dubai realtor.
The company is proudly the number one lead generator on local online portals like Dubizzle and Propertyfinder.ae this year, and the number one sales agent for most properties sold on Dubai Land Department’s broker’s app.
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