Off-Plan Properties in Dubai: Buy Real Estate Directly from Developer

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Introduction

Introduction

Property Market in Dubai and Best Sales

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Real Estate Market
Performance

Real Estate Market Performance

Residential Sales

Residential Sales

  • Palm Jumeirah Fronds – Garden Homes, changed by 5,65%. Average price per sq. ft AED 2,118 (USD 577).
  • Jumeirah Islands, changed by 5.47%. Average price per sq. ft AED 1,102 (USD 300).
  • Jumeirah Golf Estates, changed by 4.89%. Average price per sq. ft AED 994.33 (USD 270.70).
  • Jumeirah Lake Towers, changed by 3.86%. Average price per sq. ft AED 790 (USD 215).
  • Dubai Marina, changed by 3.76%. Average price per sq. ft AED 1,150 (USD 313).
  • Downtown Dubai, changed by 2.74%. Average price per sq. ft AED 1,349 (USD 367).
  • Murooj Al Furjan villa community by Nakheel.
  • Palm Hills Estate – the villas project in collaboration with Elie Saab and Emaar.
  • Green Woods at DAMAC Hills – townhouses by DAMAC Properties.
  • Urban Oasis by Missoni, represented by Dar Al Arkan.
  • Waves at Sobha Hartland – a 592 apartment building by Sobha Realty.

Property Flipping

The Best Sales

  • One 100 Palm – AED 111.25 million (USD 303 million).
  • Emirates Hills villa (Sector R) – AED 68 million (USD 18.5 million).
  • Palm Jumeirah villa – AED 55 million (USD 15 million).
  • Dubai Hills Grove – AED 49.8 million (USD 13.6 million).
  • Villa in Jumeirah 2 – AED 45.17 million (USD 12.3 million).
  • Palm Jumeirah, Frond M – AED 45 million (USD 12.3 million).
  • Palme Couture Residences – AED 43.5 million (USD 11.84).
  • Jumeira Bay Island, BULGARI Resort – AED 43.5 million (USD 11.84).
  • Omniyat One Palm – AED 43 million (USD 11.7).
  • Palm Jumeirah, Frond M – AED 42 million (USD 11.43).
Property Market in Dubai and Best Sales
Property Market in Dubai and Best Sales

The Latest Property
Market Updates
for June 2021

The Latest Property Market Updates, June 2021

The Bottom Line

The Bottom Line

  • Dubai’s real estate market goes well with the new normal and proves its robustness and attractiveness to both local and international investors. Entire sectors resulted in 25,455 transactions estimated at an impressive AED 92 billion (USD 25.05 billion) of capital, demonstrating an increase of 51% in the number of transactions and 72% in value year on year.
  • Stable month-on-month increase allows us to suggest an established positive trend towards recovery of the industry, largely affected by the coronavirus pandemic in 2020. April and May 2021 have had the highest values in sales since 2017.
  • The right strategy for investors during overall negative price movement is to remember that in some areas there is a decline, in some a rise. Accounting for a local market in a particular area should come first.
  • May 2021 was booming with new launches from industry leaders, such as Emaar, Nakheel, DAMAC and Sobha Group. The start of sales were all successful.
  • The prime housing market is on the upturn: from January until the beginning of May, 81 villas were sold in Palm Jumeirah alone.
  • A Promising beginning for June 2021 with 2,069 transactions worth AED 10.7 billion (USD 2.91 billion) of gross value.

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Off-Plan Properties in Dubai: Buy Real Estate Directly from Developer

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Being qualified property experts with years of experience, we realize how confusing Dubai’s off-plan property market could be for new buyers, as well as for professional investors. Especially when there are thousands of off-plan properties in Dubai.

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