Investors and buyers cashed in on lower property prices in Dubai as the number of transactions jumped 20 per cent to hit 11-year high of 41,988 in 2019 as compared to 34,961 transactions in the previous year.

Data released by Property Finder revealed that the sale of off-plan properties took the lion's share, accounting for 23,643 transactions or 56.3 per cent of the total due to attractive prices and incentives such as waiver of service fees, post-handover payment plans, discounts on registration charges and commission, guaranteed rental returns etc. offered by the developers.

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