Dubai: Private developers in Dubai are starting to offer some of the steepest discounts on offplan property sales. These straight discounts on property prices apply both to new launches as well as those from the recent past, as developers compete for buyers before demand for homes in Dubai starts to stabilize.

In recent days, one of the big names among private developers in the city were marketing their launches with a flat 20 per cent price drop. This applied to those who were buying individual units and those looking for bulk buys. Such a straight discount is relatively rare, more so at a time when offplan sales in Dubai are still going strong, with month-on-month advances. Even in the peak summer weeks, demand for offplan remained consistent.