Dubai is one of the most spectacular places in the world. Millions of people visit it every year or move here to settle down and the population continues to grow as the Government’s ambitious 50-year plan continues to promote economic growth and its Golden Visa programme incentivises people to settle in Dubai and enjoy its tax friendly environment. In 2021 the population of Dubai was 2,921,000. It is now 3.6 million. In 2023 Knight Frank’s Global Index showed Dubai as the leading city in the world for property growth showing an annual growth of 44%! With the increased influx of businesses and people coming into Dubai from all over the world there has been a consistently growing need for more property.
Off-plan sales contributed 62% of all Dubai 2023 Q1 sales transactions and 41% of total market sales value, with off-plan apartment sales up 72% vs Q1 2022! Dubai Land Department recorded 30,930 sales transactions, up 6.7% against the previous quarter and 50.6% against Q1 2022.