The year 2019 has been a great year for real estate sales in the off-plan sector and Emaar has recorded the highest sale in off-plan with 8,600 transactions in the year.
Data Finder, the platform under Property Finder used to analyse real estate data, helped study all the transactions over the year to conclude on the top developers in terms of the number of sales.
With a 260% increment in the sales from 2018 and an impressive 36% market share, Emaar is currently the largest listed developer.

Dubai's property supply has been under the spotlight recently with various opinions being reported in the media, supply and demand, is always a leading factor in the condition of any market.
Dubai is different. It is a city that has been created within just a couple of decades wherein the construction started as a result of high demand. At the beginning of the creation of Dubai as the international hub as we now know it to be, there were, in some cases, more than 20 tenants to every property. Companies were willing to pay for the accommodation of their employees with 1 upfront payment for rent, which is when the 1-cheque payment scheme was born to beat all competition.

An escrow account is that which acts as a third-party funding medium wherein the merchant receives access to the transferred money (by the buyer), once an escrow agreement has been fulfilled. If the agreement is not fulfilled by the merchant, the fund is then returned to the buyer.
In terms of the UAE real estate market, an escrow account serves a very specific function. The developers of the various projects have to open different escrow accounts for every project, as per the Escrow Account Law in UAE.