Residents, investors opt for off-plan units due to lack of affordable listing

Residents and investors are opting for off-plan projects due to a lack of affordable inventory for sale, brought about by a rental market that has seen prices more than double in some communities post-pandemic.

The demand for Dubai’s off-plan properties has grown tremendously among residents and foreign investors due to lower prices and higher returns than other major cities around the world, as well as the double-digit rental income that properties in the emirate can offer.

Meanwhile, expat residents in Dubai are buying off-plan units to beat the competitive rental markets.

Investor activity is being heavily skewed towards off-plan projects, while residents are largely split between the off-plan and ready property segments, with many opting for an off-plan project due to lack of affordable inventory for sale.