Dubai: property buyers line up as new projects sell out within hours

Dubai has once again witnessed investors lining up to get a piece of real estate launched by well-known developers.

More than 200 units of Shams townhouses located in the city square were sold out within a few hours after its launch. 

The townhouses were priced at an attractive price of 1.62 million dirhams for a three-bedroom house with a built-up area of 2,100 square meters; and 2.1 million dirhams for a four-bedroom house with a built-up area of 2,381 square meters. Buyers were asked to pay 10% of the down payment, 40% during construction and 50% upon transfer in 2024.