top of page

Soaring Demand for Off-Plan Properties

July 10, 2023

RELATED NEWS

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Date

READ MORE

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Date

READ MORE

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Date

READ MORE

NEWS & ARTICLES

Dubai, a bustling city known for its  impressive skyline and luxurious lifestyle, is currently experiencing a significant increase in demand for properties that are still under construction, also known as off-plan properties.


This surge seems to be related to the thriving tourism industry pushing international investors to invest in this lucrative market.


In this blog we will analyse the reasons leading to this increase in sales especially off-plan, and how you could benefit from the same.


1. Incredible Growth in Tourism:


The United Arab Emirates experienced an astounding 97 percent increase in tourist arrivals in 2022, with a staggering 14.36 million visitors.


Dubai, as the jewel of the UAE, attracted six million tourists in just the first four months of 2023. This influx of tourists has created a significant demand for hotel accommodations and   property on short-term rental.


The scarcity of available accommodation and the idea of living in a city projected in the future, so distant from the problems affecting the rest of the World, has fuelled the interest in investing in properties especially those off-plan.


2. Favourable Investment Environment:


Dubai has gained a reputation as a global investment hotspot due to its stable political situation, commitment to sustainability, and top-notch infrastructure. International investors and businesses are drawn to Dubai because of its strategic location, ease of doing business, abundant opportunities in various sectors and the minimum taxation system.


Thanks to such a favourable environment, the off-plan real estate market has become an appealing prospect for investors looking for a safe and relatively affordable opportunity, especially compared to other international city worldwide.


Dubai is a city that is constantly evolving and modernizing, giving investors peace of mind that their investment will stand the test of time.


3. Affordability and Potential Returns:


As earlier mentioned, investors are particularly eyeing off properties under construction for several reasons.


Off-plan properties allow investors to enter the Dubai's real estate market at a much lower price compared to something ready. In-fact, during the construction phase, buyers can take advantage of favourable payment plans and flexible instalment options. At times post-handover payment plans directly financed by the developer without interests are offered. Hence, making property ownership more accessible.


Additionally, investing in off-plan properties offers the potential for significant capital appreciation once the project is completed. Therefore, making it even more appealing to investors who have the possibility to choose how they prefer to manage their investment when ready.


In-fact, when the off-plan property is finished, investors can choose to rent it out, we will assist you with that, or to potentially resell it with a net gain of 15-20%. This could be even higher if the property is in the right area with the right amenities.


4. Sustainable Development Initiatives:


Dubai has made remarkable progress in promoting sustainable development and green living. The government recognizes   the need to provide solutions that make the city ready for the growing population, the demand to respect the environment and to integrate this to the daily life of its inhabitants.


One example of this commitment is THE LOOP. A 93-kilometer sustainable urban highway designed to be the world's smartest cycling and running infrastructure. This aims to connect over 3 million residents to key services and locations within minutes, using cycling and walking as the primary modes of transportation. By focusing on creating a climate-controlled environment and promoting sustainable transportation, THE LOOP aligns with Dubai's goal of becoming a 20-minute city while also attracting environmentally conscious investors. This is by combining sustainable housing solutions with innovative projects like THE LOOP, Dubai solidifies its position as a city of the future with long-term investment potential.


In conclusion, the soaring demand for off-plan properties in Dubai is directly linked to the city's booming tourism industry, which continues to break records. As global investors and businesses recognize Dubai's stable political climate, commitment to sustainability, and world-class infrastructure, the off-plan real estate market has emerged as an attractive investment opportunity. The affordability, potential returns, and dedication to sustainable development   further contribute to the appeal of off-plan properties in Dubai. As the city's popularity continues to grow, fuelled by its thriving tourism sector, investors can expect the demand for off-plan properties to remain strong, making it a promising opportunity in Dubai's dynamic real estate market.alyse the reasons leading to this increase in sales especially off-plan, and how you could benefit from the same.

bottom of page