Off Plan Q3 2023 Market Report

Dubai’s off plan property market continued its upwards trajectory throughout Q3 with an increase in transaction volume and sales value, despite summer being a slower season in past years. Jumeirah Village Circle (JVC) kept the top spot in transaction numbers, closely followed by Arjan – both highly sought after for their lucrative investment options. After the island relaunched earlier this year, Palm Jebel Ali’s first villas hit the market in September. This is a key part of the Dubai 2040 Urban Master Plan to increase beachfront in the emirate and boost waterfront living. Another new attractive location for investors is Maritime City, a rising area with exciting launches in the last quarter. Luxury residences remained a popular pick, significantly elevating the market’s total sales value – especially in desired locations like Business Bay, Downtown Dubai, and Palm Jumeirah. These factors highlight Dubai’s off plan market as a thriving sector for investment.