The off-plan property market has been experiencing a continuous surge in demand. As a global business and tourism hub, Dubai has consistently demonstrated strong demand for off-plan properties, and the stable momentum of market growth is expected to continue in the foreseeable future.
Sales data from the first half of the year has shown significant growth in both the volume and value of the off-plan market. This indicates the sustained high investor interest in this market.
The off-plan market is propelling the growth of Dubai's real estate sector. According to data from market analysis agencies, the off-plan market plays a significant role in Dubai's real estate market, accounting for a substantial portion of the total sales transactions and value.
Sales volumes and transaction values in several regions also contribute significantly to the off-plan market. These data demonstrate the broad development prospects of the off-plan market.
Developers are actively launching new projects. Both public and private developers in Dubai are actively introducing new projects, providing investors with a diverse range of choices.
This year, Dubai has introduced projects worth over 110 billion dirhams, including Emaar's Oasis project and Azizi Developments' Venice Oasis integrated community project. This highlights the strong market demand for off-plan properties.
Buying off-plan properties comes with advantages. Acquiring off-plan properties allows buyers to purchase properties at relatively lower prices and often provides flexible payment plans. This reduces the impact of high mortgage rates and offers greater financial management flexibility.
Dubai's population growth is also a significant factor driving residential property demand, further enhancing the appeal of investing in off-plan properties.