Payment Plan Breakdown
Over the last three years, Dubai has seen a shift in citywide payment plan trends for off plan sales. Post handover payment plans have been more generous from private sector developers, and this has contributed to the surge in off plan sales, which now account for two-thirds of all citywide sales.
Ready and Off Plan Price Gap
Looking at a sample of communities, we can see that the price gap between off plan and ready sales has been steadily growing over the past three years. This trend appears to hold true across both apartment and villas, as well as across both luxury and mid-market communities.
Plot Sales Value
Plot sales have consistently accounted for a disproportionate fraction of citywide sales value (relative to the fraction of citywide sales volume they constitute). This explains the surge in developments but equally indicates an increase in the pipeline of supply in the coming years. This suggests that off plan prices will begin to mean revert as the market receives this greater volume of supply, reversing the aforementioned trend of diverging ready and off plan prices.