Dubai’s Booming Property Market: Off-Plan vs. Ready Properties

offplan vs completed properties

Dubai’s real estate market continues to sizzle. According to Property Finder’s Market Watch report for Q1 2024, investors snapped up a whopping 36,000 Off-Plan vs. Ready Properties in the first three months, making it the second-highest quarter on record! This strong demand applies to both existing (ready) and off-plan properties, offering opportunities for a variety of buyers.

Let’s break down the figures:

off plan v/s ready properties
  • Total Sales Transactions: 

Over 36,000, a significant 17% increase from Q1 2023. This suggests a continuation of the growth trajectory in Dubai’s property market, attracting a steady stream of investors and homeowners.

  • Off-Plan Sales Value: 

AED 37.4 billion, contributing 32% of the total sales value. This highlights the growing popularity of off-plan properties. With a 5% rise in off-plan sales value compared to Q1 2023, investors are increasingly recognizing the potential benefits of these properties, such as potentially lower entry points. It’s important to note that this also represents a growing share of the overall market pie.

  • Ready Property Sales Value: 

While specific figures aren’t provided for ready properties, we can infer that they make up the remaining 68% of the total sales value (AED 36,000 transactions – AED 37.4 billion off-plan sales value). This indicates that ready properties remain a dominant force in the market, with investors valuing the ability to move in immediately and enjoy the benefits of ownership sooner.

What’s Driving the Demand?

offplan and ready

Analysts point to several factors:

  • Investor Confidence: 

Dubai’s robust economy boasts diversification beyond just oil, with strong growth in sectors like tourism, technology, and logistics. This economic strength, coupled with Dubai’s strategic location as a global trade and travel hub, makes it an attractive proposition for investors seeking a stable and lucrative real estate market. Government initiatives like long-term residency visas and business-friendly regulations further solidify investor confidence.

  • Diversified Demand: 

Dubai’s property market caters to a wider range of buyers than ever before. The emirate offers a variety of property types and price points, from luxurious penthouses in iconic skyscrapers to affordable apartments in family-friendly communities. This caters to a diverse range of buyers, including:

  • International investors: Seeking strong rental yields and potential capital appreciation.
  • End-users: Young professionals, families, and retirees seeking a high-quality lifestyle with world-class amenities.
  • Second-home buyers: Drawn to Dubai’s sunshine, beaches, and cosmopolitan lifestyle as a getaway destination.

Off-Plan vs. Ready Properties: Choosing What’s Right for You

With both options experiencing strong interest, it’s important to understand the differences:

off paln v/s ready properties

  • Off-Plan Properties: 

Purchase a property under construction, often at a lower price point. However, you’ll need to wait for completion, and there are potential risks like project delays.


  • Potentially lower entry point compared to ready properties.
  • Attractive payment plans spread out over the construction period.
  • Access to the latest designs and features in new developments.


  • Completion delays can occur.
  • Relies on the developer’s reputation and financial stability.
  • Limited ability to inspect the final property before purchase.
  • Ready Properties: 

Move in immediately and enjoy the property ownership benefits right away. The price may be higher than off-plan, and availability might be limited.


  • Move in immediately and enjoy the property ownership benefits.
  • Physically inspect the property before finalizing the purchase.
  • Typically less risk involved compared to off-plan.


  • Generally priced higher than off-plan properties.
  • May have limited choices depending on availability.
  • May not offer the latest designs and features.

Considering a Dubai Property Investment?

Dubai’s booming real estate market offers exciting possibilities for investors seeking high returns and a growing market. Here’s a breakdown of some key factors to consider:

  • High Rental Yields: Dubai boasts some of the world’s highest rental yields, meaning you can expect a good return on your investment through rent collected from tenants.
  • Property Appreciation: The Dubai property market has a history of steady growth, with analysts predicting continued price increases in the coming years.
  • Diverse Property Options: Dubai offers a wide range of properties to suit different budgets and lifestyles. From luxury apartments in Downtown Dubai to beachfront villas in Jumeirah, there’s something for everyone.

Making an Informed Decision:

Consulting a reputable and experienced real estate agent is crucial for navigating the Dubai property market. They can provide valuable insights on:

  • Current market trends and pricing
  • Areas with high rental demand
  • Investment opportunities that align with your goals
  • The legalities and procedures involved in buying property in Dubai

Research and Resources:

For a deeper dive into Dubai’s real estate market, consider Property Finder’s Market Watch report. This comprehensive analysis provides valuable data and insights to help you make informed investment decisions.

By carefully considering these factors and seeking professional guidance, you can increase your chances of success in Dubai’s dynamic property market.

Looking for more information? Property Finder’s Market Watch report offers a comprehensive analysis of Dubai’s real estate market trends.


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