Dubai Off-Plan Real Estate Rises by $8.2B in 3 Years
By The end of This Year, Over 60,000 Units are Anticipated to be Delivered.
From 2020 to 2023, Dubai’s off-plan real estate transactions grew by an astounding AED30 billion ($8.2 billion). According to real estate developer ZZEN Properties, more than 60,000 apartments are anticipated to be delivered by the end of this year.
The real estate market is anticipated to see over 80,000 additional units in 2024 and 2025, with the optimistic outlook due to the nation’s transformative policies and goals.
European And Chinese Investors Are Attracted To Dubai Real Estate.
International investors from China and Europe are progressively moving to the UAE and investing in the city’s real estate, according to ZZEN Properties, in order to protect their assets.
Off-plan real estate, especially when under construction, is significantly more affordable when compared to ready properties – this is proven through history as there is a high probability of capital appreciation close to completion,” stated Madhav Dhar, COO and founding member of ZZEN Properties.
We have already witnessed investors selling their units for a 20–25 percent premium within four months of purchase with our fully leased ZZEN Gardens property in Furjan. Off-plan projects will only appreciate in value given the UAE’s hosting of COP28 later this year, its leadership of a sustainable revolution in the region, and its future aspirations for economic growth. For those interested in exploring the opportunities in Dubai’s freehold property market, check out this informative guide on Freehold Property in Dubai.
Developers must continue putting sustainability first in new developments because it will be profitable for them, cost-effective for end users, and supportive of the government’s environmental vision. It benefits all parties, including the environment.”
