Despite COVID-2019, Dubai real estate market continues to remain stable. Difficult moments in sales occurred in the second half of 2020. Due to guarantees of stability and government support, promising transaction figures suggest a smoother transition to typical sales volume in the third quarter of this year. It is connected not only with the purchase of ready-made villas, flats, apartments and penthouses, but also with properties for sale off-plan in Dubai.
It is also worth noting the successful launch of a new real estate transaction registration system introduced by the Dubai Land Department, which made it possible to successfully complete 550 transactions with a total value of AED 600,000,000. The service enables the buyer to make real estate transactions from anywhere in the world and directly interact between buyers and sellers.
DLD noted the good results of the index on the Dubai villa and townhouse market, which is said to remain stable as a result of people’s desire for personal space during the pandemic.
List of the most popular off-plan projects
According to the latest DLD reports, 49.3% of all purchase and sale transactions in Dubai accounted for the off-plan real estate market. Such indicators are related to the fact that interested buyers preferred projects in well-kept communities. The community with plots, villas and townhouses has attracted a lot of attention from potential investors. Besides, buyers were interested in the Rukan projects. It is located near the Expo-2020 site. Moreover, it offers competitive options for those who want to invest in real estate in Dubai.
TOP off-plan projects in Dubai in 2021
Residential real estate in Downtown Dubai, Dubai Hills Estate, Business Bay and Mohammad Bin Rashid City also attracted investor interest. It offers the purchase of real estate at very affordable prices.
According to DLD report, as for buying flats and apartments, the most popular areas of Dubai include:
- Dubai Marina
- Downtown Dubai
- Dubai Hills Estate
- Palm Jumeirah.
Dubai Marina topped the list of requests for the sale of residential real estate, as potential investors prefer to buy a house in this area. In 2021 the renters paid attention to such places as Dubai Marina, Dubai Hills Estate, Downtown Dubai and Business Bay. In 2021 real estate transactions increased to 60%.
At the moment, the list of the best-selling real estate includes:
- Business Bay – 6.3%
- Dubai Marina – 5.9%
- Dubai Hills Estate – 5.2%
Our assistance in buying real estate in the UAE
Buying off-plan real estate in the UAE can be considered an investment, regardless of the intended purposes of its further use. AX Capital will help find the possible area of purchase and provide legal assistance during transactions. You can get acquainted with the most favorable offers in the catalog.