Dubai real estate is continuously thriving with off-plan market gaining the most attention. In H1 2023, off-plan sales rise by 40% with over 60,000 transactions. Off-plan properties made for 63% of sales in Q2 2024 with transactions increasing by 212% YOY.

The increase in off-plan market is due to affordability and appreciation. 15%-20% discount is seen on off-plan properties compared to ready property, while flexible payment plans are offered for payments allowing buyers to pay in easy instalments rather than paying upfront.

Some of the top locations in Dubai have observed YOY increase in property value of 7-20%, resulting in capital appreciation. In addition of prime areas like Downtown Dubai and Palm Jumeirah, other developments like Dubai South and Expo City have drawn much attention. The developments are expected to complete housing for over 70,000 residents by 2030, gaining attention of buyers and investors, benefiting them with appreciation and capital growth.

The government also provides positive environment that encourages investment for expats. Long-term residency visa, efforts to diversify economy and attract international investors have contributed to this growth it is expected that the growth in off-plan property market will further improve by 3-5% considering the developments.