If you look at the figures for off plan
in the last 6 months from October 2016 – today, you can see that off plan
is really popular in the Dubai Market.
Investors and end users can see that Dubai is a mature market and in the coming few years, with the Ruler’s future plans for the Emirate, the market will continue to stablise and grow.
October 2016 – April 2017
12,179 Oqood Registered Properties
(Oqood is pre-registrations and applied for at the time of purchase of an off planproperty)
In the same period, there were 8,652 transferred sales on the secondary market (resale).
This means there were 33% more transactions in off plan than in ready properties.
We saw a huge difference in the previous year, from October 2015 till April 2016 the figures were the other way around.
6,653 off plan sales against 9,262 resales transactions.
This is a 32% difference with the secondary (resale) market being more popular.
As you can see from the above, confidence is really growing in the future of Dubai Property Market.
If you are interested in finding out more about the off plan market please reply to this email.