Off-Plan Property Market of Dubai: Important Q4 Insights to Know

Dubai Market

2 days ago

Dubai’s real estate market ended the year 2024 on a strong note, with it being announced as the best global city for luxury, innovation, and strategic investment. The off-plan property segment leads this growth which has always played a pivotal role in ensuring the meter continues to grow in the real estate market of Dubai. In this article, we delve into the performance of Dubai’s off-plan sector in 2024.

Off-Plan Market Contributes More Than 50% of Transactions

In the Quarter Four of the year 2024, the real estate market in Dubai was driven by the off-plan property. During the quarter, the off-plan property sub-sector helped account for 53 percent of the transactional base with 30,388 deals worth AED 61.69 billion being transacted.

They captured the public eye, some of the luxury projects like those at Palm Jumeirah and the Dubai Hills Estate had finishes and facilities that organizations could afford to supply.

And mid-income buyers took advantage of promising opportunities in the communities, namely Dubai South, and Jumeirah Village Circle (JVC).

5 Areas to Buy Off-Plan Property in Dubai

Business Bay: Business Bay is also noticed as a prime area where mixed-use buildings are established and remain popular with the investors and users of the commercial properties. Dubai’s Business Bay area has a knack for drawing off plan project buyers with its modern designs and proximity to commercial hubs.
Dubai Marina: Another popular choice is Dubai Marina offering new-generation luxury seafront apartments with attractive rental returns, which makes it a popular choice for renters and buyers.
Palm Jumeirah: In particular, Palm Jumeirah is Dubai’s leader in the ultra-luxurious segment of the market at present and sales of villas and apartments were outstanding.
Downtown Dubai: Demand for luxury apartments was strong in the area as it has the best lifestyle amenities and the famous landmark Burj Khalifa.
Jumeirah Village Circle (JVC): The target audience is middle-income earners and the houses are priced reasonably and are family living with all necessary amenities.

Rising Population Will Boost Off-Plan Demand in 2026

By 2026 the population in Dubai is expected to be around 4 million, which is bound to lead to a variety of new real estate markets. The city’s dynamism in infrastructure is reflected in the fact that the population is also projected to increase to 7.8 million by 2040. Off-plan properties will be driven off by developers meeting such objectives in the Dubai 2040 Urban Master Plan and practicing sustainable neighborhoods.

This growth will also benefit the off-plan property market, where developers work with Dubai 2040 Urban Master Plan, and develop sustainable inclusive communities.

As the population increases, such areas as Dubai South are set to become major drivers in terms of their ability to fulfill housing needs, whilst established luxury centers such as Palm Jumeirah and Downtown Dubai continue to attract high-net-worth individuals and international investors.

In development, Dubai is heading towards a blurring of modernity and sustainability and the developments are going long-term in value for the buyers and the investors.

Why Choose The FirstPoint for Off-Plan Properties?

Being in the competitive off-plan property market of Dubai, it is important to have expertise and insight when navigating your way. FirstPoint is a trusted partner for new projects in Dubai due to its profile and complete portfolio of off-plan developments ranging from different needs and budgets.

FirstPoint knows everything about Dubai’s off-plan projects and has the in-depth knowledge to give clients up-to-date insights and personal recommendations.

A company’s strong developer partnerships with the agency allow clients early access to the top of the most in-demand new developments in Dubai.

The FirstPoint’s personalized approach works well for both the first-time buyer looking to find the dream home and the investor searching for high ROI potential. It makes the buying process easier from paying for plans to legal help to everything automated and transparent.

It was when we were selecting The FirstPoint that we were choosing a partner who is absolutely devoted to delivering great value, revenue innovation, and customer satisfaction.

Wrapping up!

The Dubai off-plan property market is booming and has shown itself to be an industry leader in strategic development, innovations, payment plans, and unshakable demand. This is reinforced by the statistic that off-plan transactions accounted for more than half the Q4 transaction volume in Dubai. Opportunities in the Dubai property market will only expand further in 2026, as Dubai’s population will grow and its infrastructure development will accelerate.

This dynamic market provides better guidance for investors and home buyers alike all with the support and advice from experts. From our selection of luxury off-plan projects and value-driven communities, scroll through our selection of the top new developments in Dubai with The FirstPoint. You really do get truly unparalleled expertise and incredibly cool possibilities in the greatest property sector on earth.