Why Off-Plan Properties Dominate Dubai’s Real Estate Scene

Market Dynamics

• What percentage of Dubai property transactions are off-plan versus secondary?

  In 2024, off-plan sales comprised 63% of all residential transactions, while secondary market sales made up the remaining 37%.

• Which areas in Dubai are most popular for off-plan property purchases?

  Jumeirah Village Circle (JVC), Business Bay, Dubai Hills Estate, Sobha Hartland 2, and Meydan City are among the top areas attracting off-plan buyers. 

• What factors contribute to the popularity of off-plan properties in Dubai?

  Off-plan properties offer competitive pricing, flexible payment plans, and the potential for capital appreciation, making them attractive to investors.

• How does the average price per square foot compare between off-plan and secondary properties?

  As of Q3 2024, off-plan apartments averaged AED 1,943 per square foot, while secondary market apartments averaged AED 1,384 per square foot. 

• What are the projected trends for off-plan and secondary property markets in Dubai?

  While off-plan properties continue to lead in transaction volumes, the secondary market is expected to see increased activity as more units are completed and delivered in the coming years.