25/09/2023
๐๐ฎ๐๐๐ข ๐ซ๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐จ๐๐-๐ฉ๐ฅ๐๐ง ๐ญ๐ซ๐๐ง๐ฌ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ซ๐๐๐จ๐ซ๐๐ฌ ๐ฌ๐ฎ๐ซ๐ ๐ ๐จ๐ $๐.๐๐๐ง ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ซ๐๐ ๐ฒ๐๐๐ซ๐ฌ
๐๐ซ๐๐ง 60,000 ๐ช๐ฃ๐๐ฉ๐จ ๐๐ง๐ ๐๐ญ๐ฅ๐๐๐ฉ๐๐ ๐ฉ๐ค ๐๐ ๐๐๐ก๐๐ซ๐๐ง๐๐ ๐๐ฎ ๐ฉ๐๐ ๐๐ฃ๐ ๐ค๐ ๐ฉ๐๐๐จ ๐ฎ๐๐๐ง.
Dubai off-plan real estate transactions has witnessed staggering growth of over AED30 billion ($8.2 billion) from 2020 to 2023. Over 60,000 units are expected to be delivered by the end of this year, according to property developer, ZฤZEN Properties.
Additionally, over 80,000 more units are expected to enter the real estate market in 2024 and 2025 with the positive outlook attributed to the countryโs transformative policies and objectives.
๐ฟ๐ช๐๐๐ ๐ง๐๐๐ก ๐๐จ๐ฉ๐๐ฉ๐ ๐๐ฉ๐ฉ๐ง๐๐๐ฉ๐จ ๐๐ช๐ง๐ค๐ฅ๐๐๐ฃ ๐๐ฃ๐ ๐พ๐๐๐ฃ๐๐จ๐ ๐๐ฃ๐ซ๐๐จ๐ฉ๐ค๐ง๐จ
According to ZฤZEN Properties, international investors from Europe and China have been increasingly migrating to the UAE and making investments in the cityโs real estate to safeguard assets.
Madhav Dhar, ZฤZEN Propertiesโ COO and founding member said, โOff-plan real estate, especially when under construction, is significantly more affordable when compared to ready properties โ this is proven through history as there is a high probability of capital appreciation near completion.
โWith our sold-out ZฤZEN Gardens project in Furjan, we have already seen investors resell their units for a 20-25 percent premium within four months of purchase. With the UAE hosting COP28 later this year, leading a sustainable revolution within the region, and the economic growth plans for the country going forward, off-plan projects will only increase in value.
โDevelopers must continue prioritising sustainability in new developments as it will be profitable for them, economical for end-users, and beneficial to the governmentโs vision for the environment; itโs a win for all parties involved, including the environment.โ