Dubai’s off-plan property market has experienced significant growth in the first six months of 2024, with sales transactions reaching AED 103.8 billion, according to the latest report by Bayut.com. This robust investor interest and market performance underscore the dynamic nature of the sector.
High-rise projects in Business Bay, Downtown Dubai, and Palm Jumeirah are leading the way. Demand continues to outpace supply, intensifying competition and drawing investors to these prime locations for their strategic advantages and potential returns.
Thanks to ongoing infrastructural developments and Dubai’s adept handling of global economic shifts, momentum is strong. Government policies focused on investor protection and sustainable growth have further boosted confidence in the market.
Coupled with a growing rental market, this growth has contributed to higher rental yields for investors. With Dubai’s continuous innovation to add value for investors, the off-plan market is set for long-term success.
