Dubai off-plan real estate transactions has witnessed staggering growth of over AED30 billion ($8.2 billion) from 2020 to 2023. Over 60,000 units are expected to be delivered by the end of this year, according to property developer, ZāZEN Properties.
Additionally, over 80,000 more units are expected to enter the real estate market in 2024 and 2025 with the positive outlook attributed to the country’s transformative policies and objectives.
Dubai real estate attracts European and Chinese investors
According to ZāZEN Properties, international investors from Europe and China have been increasingly migrating to the UAE and making investments in the city’s real estate to safeguard assets.
Madhav Dhar, ZāZEN Properties’ COO and founding member said, “Off-plan real estate, especially when under construction, is significantly more affordable when compared to ready properties – this is proven through history as there is a high probability of capital appreciation near completion.
“With our sold-out ZāZEN Gardens project in Furjan, we have already seen investors resell their units for a 20-25 percent premium within four months of purchase. With the UAE hosting COP28 later this year, leading a sustainable revolution within the region, and the economic growth plans for the country going forward, off-plan projects will only increase in value.
“Developers must continue prioritising sustainability in new developments as it will be profitable for them, economical for end-users, and beneficial to the government’s vision for the environment; it’s a win for all parties involved, including the environment.”
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