Dubai Developers Attract Buyers with Enticing Offers
Buyback option, zero service fees: Dubai developers entice buyers with attractive offers
After a four-year boom, the Dubai property market is preparing for a slowdown, prompting both investors and end-users to seek stability and predictable returns. In response, Dubai real estate developers are using increasingly innovative offers to attract buyers. They present options such as guaranteed annual returns, zero service fees, and even full buyback options to remain appealing despite growing competition.
Guaranteed returns and zero service fees
Dugasta Properties, for instance, promises a 10% annual return for ten years, zero service fees for the same duration, and a 100% buyback option in its latest projects. These offers are attractive to both investors and end-users, prioritizing investors' needs. Other major developers also attempt to capture buyers with similar propositions, offering returns of 8-12% from rental yields and property appreciation, considered exceptional globally.
Zero service fees particularly target buyers new to the Dubai market. Developers often introduce this option when unveiling new projects, making property purchases appealing for novice investors.
Market dynamics and competition
The Dubai real estate market is maturing quickly, expected to slow after its four-year boom. Hence, investors and end-users alike are seeking more stable and predictable returns. However, international interest continues to bolster the market, as many developers from India, Pakistan, Europe, and other Middle Eastern countries flock to Dubai. These developers use distinct methods to meet growing demand.
New entrants include India’s Skyline Builders, BT Properties, Amaal, and PO B1 Properties, all offering innovative approaches to gain market traction, providing more opportunities for investors.
The key to Dugasta Properties' success
According to the founder and chairman of Dugasta Properties, the key to success lies in innovation. “The aim is to be unique and stand out in the market… There's competition among developers, but demand is so high that anything built sells successfully. But if someone comes up with a unique concept, people will be eager to buy,” he said.
Dugasta Properties' past successes reaffirm this strategy. Initially planning sales of 300-400 million dirhams yearly, last year they achieved revenues exceeding 1.2 billion dirhams. The company launched four residential parks—the Teraa Tower, Moonsa 2 Residences, Al Haseen-3 Residences, and Al Haseen-4 Residences—with a combined value over 1 billion dirhams, alongside ten more projects worth 2 billion dirhams underway in Dubai.
Government support and market outlook
Due to the government’s business-friendly policies, a market slowdown is not anticipated. “Investors seek safe and stable opportunities, and Dubai is the safest and most luxurious city. With supply low, market prospects are good,” he added.
The CEO of Dugasta Properties emphasized that the company provides stability and security, meeting young investors' main demands. Stable returns and guaranteed options certainly make the Dubai real estate market attractive to international investors.
Summary
The Dubai real estate market remains an attractive opportunity for both investors and end-users. Developers’ innovative offers, such as guaranteed returns, zero service fees, and buyback options, clearly address buyers' needs. With government support and high demand, the market appears stable and promising, keeping Dubai a top destination for investors.
