Dubizzle: AED 254 Billion in Sales of Real Estate Under Construction in Dubai 2024

Dubai’s off-plan property sector continues to attract investors and buyers thanks to its diverse and attractive offers and easy policies. The implementation of strict laws has also contributed to increasing buyer confidence and strengthening the UAE’s real estate market position on a global level.

The value of off-plan property sales transactions reached approximately AED 254.46 billion, reflecting the sector’s exceptional performance in 2024 and the market reaching unprecedented levels. Dubizzle, the largest and most trusted classifieds platform in the UAE, has helped to significantly boost this growth.

The collaboration with the Dubai Land Department and verified property ads have also helped investors, tenants, buyers and sellers make informed decisions and make the most of their investments. Haider Khan, CEO of dubizzle and Head of dubizzle Group in the Middle East and North Africa, said: “Dubai’s off-plan property market is witnessing significant growth during 2024, as developers continue to launch a wide range of apartment and villa projects in response to the increasing demand. Dubai’s tax-free environment offers buyers lucrative investment opportunities in a fully regulated real estate sector that ensures investment protection.

According to the latest data from the Dubai Land Department, off-plan property sales reached AED 254.46 billion this year alone,” Khan added. “At dubizzle, we are proud to partner with the Dubai Land Department to enhance transparency in the market through ‘Trusted Properties’ listings, as the department’s escrow accounts help reduce risk and protect investors’ rights.

New urban developments near metro stations and Al Maktoum International Airport have also enhanced mobility, which has been reflected in increased rental yields and resale prices.

At the same time, developers are increasingly focusing on adopting eco-friendly designs, in line with the Dubai Urban Plan 2040, to meet emerging sustainability requirements. At dubizzle, we aspire to continue supporting buyers and investors to explore and invest in Dubai’s off-plan real estate market through our trusted and comprehensive platform.”

Key trends in Dubai’s off-plan property market

The Portofino project at Damac Lagoons emerged as the top choice for investors looking for luxury villas, with prices starting from AED 1.57 million. Buyers looking for luxury apartments also headed to Dubai Marina, with Six Senses Residences being particularly interested, with prices starting from AED 5.8 million.

In the mid-range villa segment, buyers were drawn to North Townhouses in Al Furjan, with prices starting from AED 4.25 million. The Legado project by Prescott in Jumeirah Village Circle emerged as the most sought-after project for those looking for mid-range apartments in Dubai, with prices starting from AED 650,000.

Dubailand topped the list of the most sought-after areas for those looking for low-cost off-plan villas, with its iconic projects such as Reportage Village, which includes villas starting at AED 1.55 million.

In the low-cost apartment category, Verdana Residences in Dubai Investment Park topped the list with prices starting at AED 340,000. Off-plan properties for sale in DubaiDubai has maintained its position as a favorite among investors looking for off-plan properties, thanks to its strategic location and the tax benefits it offers. Here are the most sought-after areas for off-plan villas and apartments, according to dubizzle’s search trends for 2024.

Areas with luxury apartment projects under construction in Dubai

Luxury apartments have maintained their position as favorites among investors and homebuyers alike. In the off-plan apartment category, Dubai Marina, Dubai Creek Harbour, Downtown Dubai, Dubai Hills, and Meydan City emerged as the most sought-after areas.
Dubai Marina Dubai Marina has topped the list of most sought-after areas for luxury off-plan apartments, thanks to its exceptional waterfront lifestyle, with projects such as Six Senses Residences by Select Group, which starts at AED 5.8 million, along with other projects such as Cavalli Tower, Marina Shores, Eternitas Tower, and Marina Living.

Dubai Creek Harbour The Dubai Creek Harbour area has gained traction among buyers, thanks to its luxurious properties and stunning views of the emirate’s skyline. In 2024, the area is home to several off-plan real estate projects, such as Valo by Emaar Properties, with prices starting at AED 1.79 million, in addition to other projects such as Mangrove, Creek Palace, Creek Crescent, and Oria.

Downtown DubaiIn 2024, Downtown Dubai has cemented its position as a prime destination for luxury off-plan apartments. It includes several projects such as; Mercedes Benz Place Bin Ghati, where apartment prices start from AED 8.8 million. Buyers also turned to other projects such as The St. Regis Residences, Society House, and Volta.

Dubai Hills EstateDubai Hills Estate has maintained its position as a favorite among investors looking for luxury off-plan apartments in Dubai, thanks to its serene environment, vast green spaces, and stunning views. In 2024, Emaar Properties’ Elvira project emerged as a preferred choice for investors, with prices starting from AED 2.32 million. In addition, other projects such as Hills Park, Ellington House, Greenside Residence, and Golf Grand have also attracted interest from those looking for luxury off-plan apartments.

Meydan City Meydan has topped the list of preferred destinations for investors looking for luxury off-plan apartments in Dubai, with several distinguished real estate projects under construction; most notably Ayana Gardens by Toscana Real Estate Development, with prices starting from AED 900,000. Other projects that have attracted interest from investors include Riviera Beachfront and Flamingo Lux Residence.

Areas with mid-priced apartment projects under construction in DubaiMid-priced apartments under construction performed well in 2024, with areas such as Jumeirah Village Circle, Business Bay, Jumeirah Lakes Towers, Al Furjan, and Jumeirah Village Triangle emerging as the most sought-after areas for those looking for modern apartments in Dubai.

Jumeirah Village Circle Jumeirah Village Circle is distinguished by its strategic location and diverse real estate options. The area also includes several residential projects under construction, such as Square X Residence by Tasmeer Indigo Properties, which offers apartments starting at AED 692,060. Other notable projects in the area include Legado by Prescott, F1fth Tower, V1TER Residences, and Medora Residences.

Business Bay

Business Bay has maintained its position as a favorite among buyers looking for mid-range apartments, with several projects under construction, most notably Tiger Sky by Tiger Properties, with apartment prices starting from AED 2.2 million. Other notable projects include Peninsula 4, Bayz 101, Bayz 102, and Habtoor Tower.

Jumeirah Lakes Towers

Jumeirah Lakes Towers enjoys a strategic location that boosts demand for apartments under construction, with projects under construction including Verdi by Sobha, with prices starting from AED 1.58 million. Other notable projects include Diamonds by Danube, Views by Danube, Upper House, and Marriott Residences JLT.

Al Furjan With several new projects, Al Furjan has become one of the most sought-after areas for mid-range apartments in Dubai. The area is constantly evolving, and among its most prominent projects is Avenue Residence 6 by Nabni Real Estate Development, with prices starting from AED 1.63 million. Projects such as; Pristine by Zoya, Amalia Residences, Millennium Thalia Residences, and Azizi Amber have also attracted the attention of those looking for mid-range apartments in Dubai.

Jumeirah Village Triangle

The Jumeirah Village Triangle area is known for its excellent facilities, comfortable lifestyle, and easy access to major landmarks. These factors contribute to the increased demand for off-plan properties in the area, with projects such as; Volga Tower by Tiger Properties attracting the attention of investors, as the tower offers mid-range apartments with prices starting from AED 1.71 million. Other notable projects include; FH Residence, W1NNER Tower, Red Square Tower 1, and Wanaya Residences.

Areas with Low-Price Apartments Under Construction in Dubai

The interest in low-priced apartments in the off-plan property market has increased during 2024. According to search trends on the Dubizzle platform, the most popular areas for those looking for these apartments are Dubai Investments Park, Arjan, Dubai Silicon Oasis, Dubai South, and Dubai Sports City.

Dubai Investments Park

Dubai Investments Park has gained the attention of investors looking for low-priced apartments due to the diversity of off-plan properties in it; it contains many residential projects, such as; Damac Riverside, which offers spacious apartments with various designs, with prices starting from 1.99 million dirhams. Other projects in Dubai Investments Park include; Verdana Residence, Verdana 2, and Olivia Residence.

Arjan

Arjan has also emerged as a preferred destination for investment in the off-plan apartments sector, as it is characterized by its vibrant atmosphere and modern facilities. The area includes distinctive projects, such as; 48 Parkside by Tabeer Real Estate Development, with prices starting from AED 875,000. Other projects in the area include Avilon Boulevard, One Beverly, Trinity by Karma, and Nass.

Dubai Silicon Oasis

Dubai Silicon Oasis is a popular choice for buyers looking for off-plan apartments in Dubai, thanks to the presence of several technology-driven residential communities. Notable projects in the area include The Hillgate by Ellington Properties, where apartment prices start from AED 1.3 million. Other notable projects include Aura Elegance, Tria, Pearls by Vision, and Oasis 1 and 2.

Dubai South

Dubai South is a popular destination for those looking for low-cost off-plan apartments, with several off-plan projects, such as Golf Acres by Emaar Properties, which offers a variety of apartments with prices starting from AED 950,000. Other notable projects in Dubai South include Dear Venice, Cresswell Residences, Trafford Residences, Golf Point 1.

Dubai Sports City

Spreading over an area of ​​approximately 50 million square feet, Dubai Sports City has emerged as one of the most important areas in the real estate sector under construction, and in 2024, it has taken a leading position in this sector thanks to prominent projects, such as; Sportz by Danube, where apartment prices start from AED 752,000. Other important projects include; Golf Vista Heights, Samana Golf Views, Fairway Residences by Prescott, and Vista by Prestige One.

Areas with luxury villa projects under construction in Dubai Luxury villas in Dubai have always been a popular choice that offers strong investment potential. In 2024, Damac Lagoons, The Valley by Emaar, Mohammed Bin Rashid City, Tilal Al Ghaf, and Damac Hills have attracted the attention of investors in the villa sector due to the diversity of projects they include.

Damac Lagoons

For long-term real estate investment, villa seekers in Dubai are turning to Damac Lagoons in 2024, as the area has several villa projects under construction, such as; Morocco, which offers contemporary designed villas starting from AED 2.85 million. Other projects in Damac Lagoons include; Portofino, Santorini, Malta, and Ibiza.

The Valley by Emaar

The Valley by Emaar has been a favorite among villa seekers in 2024. As a mega project by Emaar Properties, the area has become a household name in the off-plan villa sector with projects such as; Farm Grove, which features villas starting from AED 4.4 million. Other projects include; Ellora, Rivana, Orania, and Thalia.

Mohammed Bin Rashid City

Mohammed Bin Rashid City has added more options for villa seekers with its off-plan projects. Luxury villa seekers can consider projects such as; Qatura Reserve by MAG Properties, which offers villas starting from AED 8.6 million. Other projects include Mira Villas by Bentley Home, District One West, Opal Gardens, and Karl Lagerfeld Villas.

Tilal Al Ghaf

Tilal Al Ghaf has cemented its position in the off-plan villa sector with its serene residential environment and modern amenities. Luxury villa projects such as Serenity Mansions by Majid Al Futtaim have been in high demand in 2024, with villa prices starting from AED 24.22 million. Buyers have also turned to other projects such as Elysian Mansions, Alaya, Amara, and Balgate 32 for high returns on investment.

DAMAC Hills

DAMAC Hills by DAMAC Properties continues to attract investor interest due to its promising investment potential. Among its prominent projects, Utopia takes the lead with prices starting from AED 18.09 million. Other luxury projects include; Golf Greens, Gems Estates 1, Gems Estates 2, and Beverly Hills Drive.

Areas with Off-Plan Mid-Range Villas in Dubai

Buyers of mid-range villas have shown great interest in the various projects in Al Furjan, Arabian Ranches 3, Nad Al Sheba, Jumeirah Village Triangle, and Town Square, as these areas have offered off-plan projects with high returns on investment.

Al Furjan This residential area in Dubai is a preferred destination for buyers looking for a family-friendly environment and mid-range prices. The area offers off-plan villa projects such as; North Townhouses by NAD Properties, where villa prices start at AED 4.25 million. Other options include; Reef 999.

Arabian Ranches 3 With its peaceful residential environment and high potential for capital appreciation, Arabian Ranches 3 has become a preferred choice for those looking for off-plan villas in Dubai. The area includes several Emaar projects, such as; Kaya, where villas start at AED 3.5 million. For high returns on investment, buyers have turned to projects such as Bliss 2, June, Anya 2 and May.

Nad Al Sheba This quiet residential area by Meraas Holding has been a favourite among buyers of mid-range off-plan villas. Among the new projects is Nad Al Sheba Gardens 7, which offers villas in various designs starting at AED 4.43 million. Other projects include Nad Al Sheba Gardens 6, Nad Al Sheba Gardens, Nad Al Sheba Gardens 4 and Nad Al Sheba Gardens 5.

Jumeirah Village Circle When it comes to mid-range villas, Jumeirah Village Circle has also caught the attention of investors, as it has become home to several off-plan projects, such as The Autograph S Series by Green Group, which features spacious villas starting at AED 754,850. Buyers looking for long-term returns on investment have also been drawn to projects such as Legado by Prescott and Sunset Grove Homes.

Town Square

With its integrated experience, Town Square has become a preferred destination for investors looking for mid-range off-plan villas. Maha Townhouses by Nshama Properties offers spacious living spaces with prices starting from AED 1.78 million.

Areas with Low-Price Villa Projects Under Construction in Dubai

The off-plan property market in Dubai witnessed the addition of a large number of villa projects in 2024. Dubailand, Dubai South, Dubai Investment Park, Damac Hills 2, and Jebel Ali ranked first among those looking for low-priced villas under construction in Dubai.

DubailandDubailand offers a family-friendly environment, making it a preferred choice for investors looking for low-priced villas. The area includes several projects under construction, such as; Taormina Village 1 by Reportage Properties, where villas are priced at AED 2.86 million. Other projects in Dubailand include; Reportage Village, Janan by Aldar, Damac Sun City, and Bianca.

Dubai South Dubai South has emerged as one of the most sought-after areas for investing in low-priced villas in the emirate. The area includes several projects under construction, such as; Golf Lane by Emaar, which includes villas with prices starting at AED 4.48 million. South Bay, Fairway Villas and Fairway Villas 2 have also attracted interest from investors looking for long-term capital appreciation.

Dubai Investments Park Dubai Investments Park has been a hot topic for investors looking for low-priced off-plan villas. Notable projects in Dubai Investments Park include Verdana 4 by Reportage Properties, which offers attractive investment opportunities with prices starting from AED 4.57 million. Other projects in the area include Verdana 2, Lush and Sage.

DAMAC Hills 2 (Akoya by DAMAC) DAMAC Hills 2 has maintained its position as a favourite among investors looking for low-priced off-plan villas in Dubai. The area includes several projects such as Park Greens, where villa prices start from AED 2.89 million. Buyers have also preferred projects such as Camelia, Violet, Verona and Natura for high returns on investment in the long term. Jebel Ali

Jebel Ali has become a preferred investment option for those looking for off-plan villas in Dubai, offering the benefits of gated communities. Nakheel’s Jebel Ali Village project offers townhouses and villas starting from AED 2.46 million.

Other Notable Off-Plan Projects for 2024

Here are some other off-plan projects that have caught the attention of investors in 2024: Ghaf Woods in Dubailand: Offering contemporary apartments starting from AED 1.2 million, it is expected to be ready for handover by Q3 2027.

Sobha Sea Haven in Dubai Marina: A luxury project featuring sea-facing apartments starting from AED 4.4 million, offering stunning views of the Arabian Gulf. Binghatti Sky Rise in Business Bay: Featuring innovatively designed apartments with panoramic views of the emirate, prices start from AED 975,000, and is expected to be ready for delivery by Q4 2026.

One by Binghatti in Jumeirah Village Circle: Offers contemporary apartments starting from AED 1.7 million, and is expected to be delivered in Q2 2026. Binghatti Ghost in Al Jaddaf: Featuring luxurious apartments with modern designs starting from AED 888,000, and is expected to be delivered by Q1 2026. Binghatti Hills in Dubailand: Offers family apartments starting from AED 777,000, and is expected to be delivered in Q1 2026. The Oasis by Emaar in Dubailand: A luxury villa community with resort-style amenities, with prices starting from AED 8.1 million.

The Heights Country Club in Dubailand: Offers villas that support wellness and healthy living starting from AED 2.49 million, with handover expected by Q1 2025. Grand Club Resort: Has gained buyers’ interest with its luxurious villa facilities and private club in Dubailand. Golf Point by Emaar in Dubai Hills Estate: Offers apartments overlooking the golf course starting from AED 850,000, with handover date yet to be announced.

Park Gate by Emaar: Located in Dubai Creek Harbour, it features contemporary apartments starting from AED 10.4 million, with handover expected by Q4 2026. Ellington Cove: A luxury residential project on Palm Jumeirah, offering luxury apartments with waterfront views.

Branded Residential Projects Under Construction in Dubai

The off-plan property market in Dubai has been boosted by the introduction of branded residential projects. Here are some notable projects in this category:

Binghatti Jacob & Co Residences in Business Bay: has attracted the attention of investors looking for ultra-luxury apartments, with prices starting from AED 8.2 million, and the project is expected to be delivered by Q4 2024. Palm Beach Tower 2 in Palm Jumeirah: features luxury apartments under the St. Regis brand, with prices starting from AED 2 million, and the project is expected to be delivered by Q4 2026.

Bugatti Residence by Binghatti in Business Bay: features luxury apartments and mansions inspired by the Bugatti brand’s heritage. Franck Muller Eternitas Tower in Dubai Marina: Offers apartments, villas and mansions starting from AED 2.1 million, with delivery expected by Q2 2027.

Six Senses Residences in Dubai Marina: With a sustainable and healthy lifestyle theme, the project offers apartments starting from AED 5.8 million, with delivery expected by Q2 2028. W Residences Downtown Dubai: Offers hotel-inspired apartments and penthouses starting from AED 1.6 million, with delivery expected in Q3 2026.

The St. Regis Residences Downtown Dubai: Offers luxury homes starting from AED 2.3 million, with delivery expected by Q4 2026. Mercedes-Benz Place Downtown Dubai: Offers stylish, contemporary apartments starting from AED 8.8 million, with a delivery date set for Q4 2026. 2026.

Marriott Residences at JLT: Offers luxury branded residences with hotel services. Views by Danube at JLT: Offers apartments with Aston Martin-inspired designs starting from AED 950,000, with delivery expected in Q2 2026.

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