Off Plan 2023 Market Report

Dubai’s Off Plan market saw record-breaking growth for the fourth consecutive year in 2023. As the city expanded, developers ventured into new areas with projects like Oasis by Emaar gaining immense popularity among investors.

Jumeirah Village Circle (JVC) saw the most transactions as infrastructure development gained momentum. The year also witnessed the launch of remarkable villa projects, including Ellington Sanctuary (their first-ever villa development), Sobha Reserve, and Haven by Aldar.

The government’s commitment to enhancing Dubai’s waterfront was shown through projects like Palm Jebel Ali and Maritime City. Ras Al Khaimah also emerged as a new investment hotspot, with prestigious developers like Emaar, Ellington and Aldar launching projects in the area.

With the fastest-growing population in the world, the demand for real estate is far outweighing supply. This persistent trend is expected to drive prices upwards in 2024, solidifying Dubai’s status as a prosperous and attractive investment destination.