Friday, February 14, 2025
Today’s News

An Important Moment for Investors as off-Plan Boom Drives up land Prices in Dubai

Plot and land prices in Dubai’s real estate market are rising dramatically, mostly due to strong off-plan sales. Investors are seeing new opportunities as a result, but they need to be vigilant to take advantage of them.

Over the past few years, the off-plan market has grown steadily and shows no signs of slowing down. It currently makes up around 55% of all real estate sales in Dubai.

Off-plan sales increased by 42% to Dh179.3 billion in the first nine months of this year compared to the same period in 2023.

The average price per square foot increased by 15% to Dh1,600, while the number of off-plan transactions also skyrocketed, increasing by 44% to 63,700 transactions.The growth of this market has encouraged developers to look for new land options, raising prices and establishing a definite trend. Until these places become popular with developers, land in some areas is still reasonably priced. Following this, prices rise precipitously, reflecting the increased demand in the market. As long as developers can purchase property at prices that enable them to do so, this upward trend in land prices will continue.

Also Read:

The Future Of Business And Commercial Agility With CopperFox: Tony Rutherford

Productivity Tips: Time Management and Goal Setting Techniques

INTERVIEW

Press Release

Letest News

Health

Lifestyle

Business

Technology

Friday, February 14, 2025

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 

SUBSCRIBE

Copyright © 2024 Entrepreneur Mirror All Right Reserved