<h1 class=""><span style="text-align: var(--bs-body-text-align);">Discover Dubai's Top Off-Plan Apartments - Prime Real Estate Opportunities</span></h1><h1 class=""><span style="color: rgb(0, 0, 0); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">2023 is proving to be an extraordinary time for </span><b style="color: rgb(0, 0, 0); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);"><a href="https://inchbrick.com/off-plan-properties-in-dubai" target="_blank"><u><i>off-plan properties in Dubai</i></u></a></b><span style="color: rgb(0, 0, 0); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">. This year’s top-performing areas showcase the city’s evolving landscape, bringing unique appeal and market vibrancy. Below is an in-depth look at these hot spots, reflecting a style of analysis and detailed reporting similar to DXB Interact</span><br></h1><h3 class=""><b>Jumeirah Village Circle (JVC)
</b></h3><p>JVC has emerged as the leader, selling 9,712 units for Dh8.4 billion. The median price increased by 18.7% to Dh798,000 and the price per square foot increased by 26.2% to Dh12,000, underscoring JVC’s appeal to those seeking harmonious urban-suburban living.
</p><h3 class=""><b>Almecade
</b></h3><p>Al Merkadh has sold 7,248 units with a total value of AED 11.2 billion, remaining the leader in the industry. The median price increased by 15.9% to Dh1.4 million and the price per square foot increased by 7.9% to Dh1,900, reflecting continued demand in this upscale area.
</p><h3 class=""><b>Dubai Marina
</b></h3><p>Dubai Marina has been a favorite, with 5,240 units sold, contributing AED 25.2 billion to the market. The median price surged 31.4% to AED 3.7 million and the price per square foot increased significantly by 39.7% to AED 4.1 million, confirming its status as a luxury haven.
</p><h3 class=""><b>Business Bay
</b></h3><p>Catering to demand from professionals, <b><i><a href="https://inchbrick.com/location-in-dubai/business-bay" target="_blank" style="text-decoration-line: underline;">Business Bay</a> </i></b>sold 5,226 apartments worth AED 11.3 billion. The median price increased by 27.3% (AED1.6 million) and the price per square foot increased by 20% to AED23,000, underscoring its appeal to business-focused customers.
</p><h3 class=""><b>Dubai Hills Estate
</b></h3><p>Dubai Hills Estates saw 3,768 units sold worth AED 7.7 billion, with the median price rising significantly by 42.9% to AED 1.8 million. Prices per square foot increased by 15.2% to AED 2K, underlining its emergence as a family-friendly enclave.
</p><h3 class=""><b>Argen
</b></h3><p>Arjan saw 3,608 units sold for Dh3 billion, with the median price rising 19.1% to Dh750,000. Prices per square foot increased by 12.5% to Dh1,300, indicating its market potential.
</p><h3 class=""><b>Dubai Creek Port
</b></h3><p>Dubai Creek Harbor sold 3,203 apartments for Dh7.8 billion, with the median price rising 23.2% to Dh2.2 million and the price per square foot rising 17.6% to Dh2.1 million, underscoring its focus on those seeking beachfront living way people are attracted to.
</p><h3 class=""><b>Altanya Fifth
</b></h3><p>Al Thanyah Fifth saw 2,768 units sold with a total value of Dh4.2 billion, with the median price rising by 26.9% to Dh1.5 million. Prices per square foot increased significantly by 82.5% to Dh2,000, indicating growing interest in the area.
</p><h3 class=""><b>Dubai City Center
</b></h3><p>Downtown Dubai has maintained its iconic status with 2,050 apartments sold for Dh7.9 billion. The median price is AED 2.6 million (up 2.3%), with prices per square foot rising 4.2% to AED 2.7 million, reaffirming its status as a city hub.
</p><h3 class=""><b>Town Square
</b></h3><p>Town Square saw <b>1,785 units sold for Dh1.6 billion, with the median price rising 34.1% to Dh779,000</b>. However, prices per square foot fell by 7.1% to AED 1,100, providing more affordable options in the market. The Dubai real estate market showed resilience and growth in 2023, with certain areas performing well in terms of transactions, total value, and median prices. Investors and homebuyers are advised to pay close attention to these trends in order to make informed decisions in this dynamic market.</p><h3 class=""><b>Reasons to Buy Off-Plan Real Estate in Dubai
</b></h3><p>There are many reasons to invest in Off-plan Properties in Dubai. The real estate sector is back in the limelight after the pandemic and is showing signs of sustained growth, according to statistics from the Dubai Land Department.
</p><p>The residential real estate market in Dubai is also expected to remain stable with a moderate increase in prices. The resulting stability, recent visa reforms, attractive pricing, and overall quality of life standards are attracting new residents to the emirate. Among the various properties, <b style="">off-plan properties in Dubai </b>real estate is considered a brilliant investment alternative, especially for those interested in long-term benefits and low down payments. First, you can buy the property and pay it off in small installments instead of paying the full price upfront. Secondly, you can sell it later at higher prices and secure a handsome profit in the process of ROI.</p><p>
</p>

2023's Best-Performing Areas in Dubai: Off-plan propeties in Dubai

<h2 class=""><b>Real Estate Transaction in One Week&nbsp;</b></h2><p>T<span style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">he Dubai real estate market has experienced an extraordinary week, marking an important end to the year. According to the latest data from the Dubai Land Department,</span><u style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);"><i><a href="https://inchbrick.com/" target="_blank"> </a><b><a href="https://inchbrick.com/" target="_blank">real estate transaction</a></b></i></u><span style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);"> volume surged to a staggering AED 16.6 billion (approximately $4.51 billion) in the week ending December 22, 2023, highlighting the robustness and vitality of the Dubai market.</span></p><p><span style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);"><br></span></p><p><img src="https://cdn.inchbrick.com/upload-editor-file/1713942975040_abe33976-2a74-4b6a-a795-ea2219629e21.webp" alt=""><span style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);"><br></span></p><p><span style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);"><br></span></p><h3 class=""><b>Transaction details
</b></h3><p>Of these transactions, a notable focus is on land sales. The top three land deals include:
</p><ul><li>A plot of land in Al Yelayiss 5 is sold for Dh2.43 billion.
</li><li>A plot of land in Al Hebiah Fourth is sold for Dh64.09 million.
</li><li>A piece of land in Al Goze Second brought in revenue of Dh57.67 million.
</li></ul><p>These sales highlight the high value and demand for land in strategic <b><u><i><a href="https://inchbrick.com/location-in-dubai" target="_blank">locations in Dubai</a>.
</i></u></b></p><h3 class=""><b>Apartment and <a href="https://inchbrick.com/residential-properties/villa-property-in-dubai" target="_blank">villa</a> sales
</b></h3><p>The residential real estate sector also showed significant activity:
</p><ul><li>A total of 2,729 apartment properties in Dubai<b> and <u><i><a href="https://inchbrick.com/residential-properties/villa-property-in-dubai" target="_blank">villa properties in Dubai</a></i></u></b><u><i><a href="https://inchbrick.com/residential-properties/villa-property-in-dubai" target="_blank">&nbsp;</a></i></u>were sold, totaling AED 7.49 billion.
</li><li>The highest transaction was an<b> </b>apartment property in Dubai<i style="font-weight: bold; text-decoration-line: underline;"> </i>Palm Jumeirah, sold for AED 720 million, followed by a property in Dubai Investment Park No. 1, sold for AED 92 million, and an <b><u><i><a href="https://inchbrick.com/residential-properties/apartment-property-in-dubai" target="_blank">apartment</a></i></u></b> in the Second Island. The price is AED 62.1 million.
</li><li>These figures demonstrate the continued demand for luxury and high-end residential properties in Dubai.</li></ul><h3 class=""><b><br></b></h3><h3 class=""><img src="https://cdn.inchbrick.com/upload-editor-file/1713943088553_8c218730-b155-4491-8bb6-c02e3f9a51fe.jpg" alt=""><b><br></b></h3><h3 class=""><b><br></b></h3><h3 class=""><b>The Palm Jebel Ali dominates again
</b></h3><p>The Palm Jebel Ali leads the way in terms of several transactions, with a total of 35 sales worth AED 850.21 million. It is closely followed by Madinat Hind 4 and Al Hebiah Fifth, underscoring the popularity of these areas among investors and homebuyers.
</p><h3 class=""><b>Mortgage and property grants
</b></h3><p>Activity on mortgage properties was also brisk this week, totaling Dh2.29 billion. The highest of these is a piece of land in Al Sufouh Second, which is mortgaged for Dh509.2 million. Additionally, 257 properties worth AED 2 billion were awarded between first-degree relatives, demonstrating the importance of property in family and estate planning in Dubai.
</p><h3 class=""><b>Impact and prospects
</b></h3><p>These figures not only represent a successful week for Dubai’s real estate industry but also indicate the positive trajectory we are on as we enter the new year. The diversity of transactions, from land sales to luxury<b><u><i><a href="https://inchbrick.com/residential-properties/apartment-property-in-dubai" target="_blank"> apartment properties in Dubai</a></i></u></b>, and spread across different areas of Dubai, reflects a healthy and vibrant market. 
</p><p>Backed by its innovations, Dubai’s real estate market remains an attractive destination for investors and homebuyers. development, strategic location and strong infrastructure. As we enter the new year, the market shows no signs of slowing down, with continued growth and dynamism expected.</p><p>
</p><p>
</p><p>
</p><p>
</p><p>
</p><p>
</p>

Real Estate Transactions

Blogs (2)

2023's Best-Performing Areas in Dubai: Off-plan propeties in Dubai

Dubai's Record-Breaking Week: Record-Breaking AED...