January 11, 2024

In Dubai property market, will ‘buyback’ schemes be a new sales strategy for developers?

In 2024, substantial promotions are once again supporting the launches of offplan projects. Dubai: Build, sell and buy back? Some Dubai developers are considering the possibility of incorporating 'buyback' schemes into their offplan launch offerings, aiming to gain favor with potential sellers. Dugasta, a developer, has recently implemented such a scheme with the Al Haseen Residences project, pledging to...

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Dubai real estate developer Binghatti snaps up $99m Business Bay plot

Dubai real estate developer Binghatti, specializing in branded residences, acquires a $99 million plot in Business Bay. After acquiring a Business Bay plot for AED365m ($99m), Binghatti Properties has broadened its land portfolio. The strategically located plot in Business Bay is only a short distance from The Dubai Mall, Burj Khalifa, and the Dubai Water Canal. The company's ongoing project development...

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