– Citywide Trends
The evolution of Dubai’s off plan market has been exceptional in the post-COVID era, and has not gone unnoticed. The relative dominance of off plan properties relative to the ready property market has been the subject of the majority of real estate discourse in Dubai, and this dominance manifests in the total quarterly sales volume and value figures.
– Community Analysis
Across a number of notable communities, prices of both primary and secondary off plan properties have been declining over the last 12 months. This may herald similar trends for other communities in the coming months. Furthermore, secondary prices have tended to be considerably lower than their primary counterparts on average, or at the very least are trending in that direction, which highlights the difficulty of flipping in the Dubai market.