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Wed 26 Feb 2020 02:18 PM

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Revealed: Dubai's most popular off-plan property project

Seven Tides' Seven City project in Jumeirah Lakes Towers registered 528 off-plan transactions in 2019, according to new research

Revealed: Dubai's most popular off-plan property project

The Seven City project in Jumeirah Lakes Towers registered 528 off-plan transactions in 2019.

Developer Seven Tides’ Seven City project in Jumeirah Lakes Towers registered 528 off-plan transactions in 2019, making it Dubai’s most popular off-plan building based on sales transaction volume, according to new research.

Figures released by Data Finder, the real estate data platform from the Property Finder Group, showed the second most popular off-plan building in 2019 was Emaar’s 78-storey Grande tower in the Opera District in Downtown Dubai.

The building, one of the tallest being built in Downtown Dubai, clocked 446 off-plan transactions in 2019.

Emaar Properties had a good run last year as the developer’s other off-plan projects dominated sales. The developer’s two projects, Creek Edge Tower 1 in Dubai Creek Harbour registered 388 off-plan transactions while Burj Royale in Downtown Dubai accounted for 350 off-plan sales, making them the third and fourth most popular off-plan buildings in 2019.

Other popular off-plan projects in 2019 were Al Mazaya Holding’s Q-Zone in Queue Point, Liwan (328 transactions), Damac Properties’ Reva Residences in Business Bay overlooking the Dubai Water Canal (299 deals), Deyaar’s Bella Rose in Dubai Science Park (253 deals) and Emaar’s Palace Residences in Dubai Creek Harbour (237 deals).

Damac Properties also put up a good show with two of its off-plan projects ramping up sales. The developer’s Paramount Tower Hotel & Residences in Business Bay accounted for 230 deals while its Aykon City Tower C in Business Bay registered 227 off-plan transactions. 

On the secondary market, the building which registered the highest volume of sales was Al Khail Heights 9a-9b with 213 transactions, according to the report.

“What is interesting to point out in this data is how the popular buildings in the secondary market were all in the very affordable range while in the off-plan segment, the majority of the popular buildings were in the luxury market,” said Lynnette Abad, director of Data and Research, Property Finder.

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