Dubai’s off-plan real estate market is luring international investors due to its affordability and resilience, according to ZāZEN Properties.
In May alone, the off-plan segment accounted for a significant 49 percent of total sales transactions, fuelled by the emirate’s tourism influx.
In 2022, the UAE saw a 97 percent year-on-year growth in tourist arrivals, achieving a record number of 14.36 million visitors. Dubai, in particular, welcomed six million tourists in the first four months of 2023.
Tourism influx driving off-plan sales in Dubai
This tourism influx has caught the attention of global investors and businesses, who choose Dubai for its stable geopolitical climate, sustainable practices, world-class infrastructure, and abundance of opportunities.
The city’s off-plan real estate market, in particular, has become a hot selling point for international investors due to its affordability and resilience. In May alone, the off-plan segment accounted for a significant 49 percent of total sales transactions.
“With the responsibility to nurture this agenda being on key decision-makers and governmental stakeholders, initiatives like COP28 present an excellent opportunity to reinforce the significance of sustainable living,” Madhav Dhar, co-founder and COO of ZāZEN Properties, stressing on the importance of sustainable developments in accommodating the growing population, especially within the mid-income segment.
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