– City and Community Analysis
At the citywide level, off plan has been heavily dominant since January 2020, which should not be news to anyone with even a casual interest in Dubai’s property market, as this has been virtually a ubiquitous point in the market discourse over the last five years. Interestingly though, the data does seem to suggest that some degree of mean reversion is taking place at the citywide level, with the gap between off plan and ready prices appearing to narrow over the last four to five quarters. No such clear pattern is consistently evident across the golf communities, and as such, it will be fascinating to observe how these communities continue to perform in relation to the overall market if this paradigm-reversing dynamic continues to unfold going forward.
