The latest update on the on the Dubai off plan market indicates that the pace of investment is increasing.
If you might be interested to find out more about investment opportunities with high rental yields, please contact me for a consultation on the newest and most profitable projects.
The figures below are from the time of Oqood registration at Dubai Land Department.
From the 26th October 2016 until the 24th January 2017 there have been 4,817 off-plan registrations.
In the same period, there were 4,435 sales transactions across Dubai, 382 less than off-plan.
This shows that the Dubai off plan market is going strong and investors believe in the future of the emirate which reassures us of a healthy real estate market going forward.
See below some of the Off Plan Oqood Registrations in the last 3 months:
Al Yalayis 1 & 2 (Al Qudra road)– 367 villa plots transacted, average price AED634 per sq ft
Al Furjan – Azizi – Total 351 transactions – Hotel/Serviced apartments 159 transactions average price per sq ft AED1,310 – Apartments 192 apartments average price per sq ft AED1,021
Downtown Dubai – Act One and Act Two – 63 transactions – average AED2,220 price per sq ft
IMPZ – Afnan 1, 3, 4 and 5 – 49 transactions – average AED1,018 per sq ft
Meydan City – 20 transactions – average AED1,184 per sq ft
Mohammed Bin Rashid City (MBR City) – Total 86 transactions – Park Point 26 transactions average AED1,347 per sq ft – 26 villa plots average AED 969 per sq ft
JVC/JVT – Total 446 transactions – 352 were residential apartments average selling price AED1,004 per sq ft
JLT – Total 44 transactions – average price AED 840 per sq ft
Jumeirah – City Walk – 293 transactions – average AED 1,489 per sq ft
International City – 33 transactions – average AED 780 per sq ft
Dubai Sports City – 167 transactions – average AED 857 per sq ft
Dubai Marina – 282 transactions – 245 residential apartments average AED1,663 per sq ft – 37 Hotel/Serviced apartments average AED3,988 per sq ft
JBR – 158 transactions – 138 residential apartments average AED2,174 per sq ft – 20 Hotel/Serviced apartments average AED2,762 per sq ft