21 June 2022 – Khaleej Times – www.khaleejtimes.com
The common sight of long queues of property buyers which were seen during pre-Covid days is back in Dubai. As the real estate market makes a strong comeback, Dubai is yet again witnessing investors and end-users queuing up to grab a slice of properties being launched by reputed developers.
The UAE-based property developer Nshama’s 200-plus units of Shams Townhouses located in Town Square were snapped up by investors and end-users within a few hours of its launch over the weekend. Long queues of potential buyers were seen outside Nshama Townsquare Sales Centre in the early hours of Saturday.
Jeff Raju Kuruvilla, a sales manager with Positive Properties, said he was one of the earliest in the queue.
“By around 4am on Saturday, there were more than 100 people waiting in line. At 9am, when the gates opened, people started rushing in for their tokens. It reminded me of the scenes eight years ago when the Dubai property market was booming.”
Jeff was in the queue for buyers who wanted to get their hands on this project.
“The good thing about getting one of the earlier tokens is that my buyer can take a pick of the property they want rather than settle for what is left over,” he said.
“As soon as I got my token, I called my buyer. One of them who was coming from Abu Dhabi was already on his way. He came, paid the money and picked out the townhouse he wanted. He was very happy.”