ZāZEN Properties, the UAE's leading sustainable real estate developer, has announced that 75% of the units in its off-plan development in Dubai's Al Furjan neighbourhood have been sold out.

A Leed-Gold certified project, ZāZEN Gardens has a total of 159 flats ranging from 824 to 1612 square feet and two retail outlets on the ground floor.

Over 25% of the construction work has been completed on the project, which is due to be handed over in April next year.

The Emirati developer noted that pre-construction development has played a significant role in shaping this growth in recent years, with an 86% increase in off-plan transactions since 2021.

This trend continues in 2023; off-plan property sales in the first two months of the year increased by 42.1 per cent compared to the same period last year, it said.

As the off-plan sector continues to boom, it will accelerate the UAE's D33 targets, including reaching a total investment of Dh650 billion by 2033, ZāZEN noted.

Developers are innovating accordingly to attract foreign direct investment (FDI) and support the country's economy, with the development of healthy homes slowly starting to catch on, it added.

Co-founder and COO Madhav Dhar said: "The UAE's real estate sector is a market for investors. It offers some of the highest returns on investment in the world, while boasting prices that remain low compared to other major cities around the world. Off-plan real estate will remain a driving force as the country continues to embark on its ambitious growth targets."

He said the construction sector played a significant role in driving the UAE economy, accounting for 6% of Dubai's GDP, compared to the historical average of 8-9% in recent years.

He noted that as developers innovate with their off-plan projects, they will simultaneously transform the country's real estate sector, enhance its international competitiveness and improve the environment.

"Since entering the Dubai real estate market, ZāZEN Properties has innovated with ZāZEN One, a sustainable community living project that was launched last year, sold out within months and won multiple awards," Dhar said.

He added that the company's latest project, ZāZEN Gardens, adds to its portfolio of industry revolutionary projects and sets the benchmark for quality, sustainable and affordable residential projects in Dubai.