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Strong Growth in Off-Plan Sales

Admin November 9, 2024Property

Dubai Real Estate Market Surges in June 2024: Off-Plan Investments Lead the Way

Dubai’s real estate market witnessed an exceptional performance in June 2024, with 14,209 property transactions worth $12.4 billion, according to the Dubai Land Department. This marks a 36% increase in transaction volume and a 50% rise in total value compared to June 2023.

Strong Growth in Off-Plan Sales

The off-plan segment continues to dominate, accounting for 56% of all transactions (7,951 deals worth $4.47 billion). Compared to June 2023:

  • Off-plan sales volume surged by 54%
  • Off-plan sales value increased by 28%

These figures underscore the growing confidence in Dubai’s off-plan property market, driven by attractive payment plans, high ROI potential, and strong developer reputation.

Top Off-Plan Residential Projects by Sales Value

Apartments:

  1. Bayz 101 by Danube – $187 million
  2. Sobha One – $171 million
  3. Valo – $142 million
  4. Riwa – $104 million
  5. Burj Binghatti Jacob & Co Residences – $99 million

Villas and Townhouses:

  1. Greenway – $153 million
  2. Haven by Aldar – $107 million
  3. Nad Al Sheba Gardens – $106 million
  4. South Bay 5 Premium – $83 million
  5. The Lakeshore Villas by Ellington – $27 million

Notably, Bayz 101 by Danube led apartment sales by volume, while Greenway topped villa and townhouse sales.

Why Invest in Dubai’s Off-Plan Market?

  • Capital Appreciation: With a steady increase in transaction value, off-plan properties offer significant appreciation potential.
  • Attractive Payment Plans: Developers provide flexible payment options, making it easier for investors to enter the market.
  • Strong Demand: With population growth and increasing investor interest, off-plan properties remain a top choice for both end-users and investors.

Dubai’s off-plan real estate sector continues to be a lucrative investment avenue, presenting opportunities for high returns and long-term value growth. Investors looking for the best off-plan properties in Dubai should consider emerging developments with strong sales performance, ensuring both stability and profitability.

For expert guidance on investing in Dubai’s top off-plan projects, reach out today!

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