Why Are More People Selling Off-Plan Properties in Dubai a Year Before Completion?

28 October 24

Dubai

Rising Trend: Selling Off-Plan Properties in Dubai Before Completion

Dubai's real estate market has seen a significant shift, with off-plan properties now making up more than half of all sales. One key trend is the increasing number of investors and end-users opting to sell off-plan units even before they are completed, with properties nearing handover within a year being particularly attractive. Here's why this trend is gaining momentum:

High Returns and Quick Handover Drive Off-Plan Sales

Off-plan properties in Dubai continue to appeal to investors due to their potential for high returns and relatively short waiting periods for completion. Many of these units are slated for handover within a year, allowing buyers to quickly see gains as property values appreciate. With rising demand, these quick turnaround opportunities offer a profitable exit strategy for investors looking to capitalize on the growth in market prices.

End-Users Cashing In on Profitable Resale Opportunities

Interestingly, it's not just investors taking advantage of the off-plan market. End-users who initially purchased properties to live in are also opting to sell as the value of their units increases significantly. The resale of these properties often provides substantial financial gains, prompting owners to cash in while demand is high.

Surge in Off-Plan Transactions Reflects Market Dynamics

The dominance of off-plan sales in Dubai’s property market reflects broader trends in the city's real estate growth. In the first nine months of 2024, the total number of residential transactions exceeded 125,000, marking a 36% increase from the same period in 2023. The surge in off-plan activity—over 50% higher than last year—demonstrates strong investor confidence and continuous demand for new launches.

Now Is the Right Time to Sell Your Off-Plan Property

With the current surge in off-plan property values, now is an excellent opportunity to capitalize on your investment and sell your off-plan unit for a better return. The high demand for properties nearing completion makes this the perfect moment to list your off-plan assets with us. By partnering with our expert team, you can ensure that you achieve the best value for your property. Don’t miss out on this lucrative market—contact us today to list your off-plan property and maximize your investment potential!