S5 Episode 1: What's Driving Off-Plan Growth in Dubai?
Dubai has officially become the busiest luxury real estate market in the world with over AED3.1 billion ($850 million) worth of sales for properties priced at $10 million or higher. The off-plan sector has been performing especially well, with off-plan accounting for roughly 61% of all transactions. Mark Richards, Managing Director of LuxuryProperty.com, discusses the incredible growth of Dubai's off-plan market. In this episode, we cover: - Factors driving the off-plan market in 2023 - How the off-plan market has changed in the past 15 years - How developers stay competitive in a busy market - What's next for the off-plan market in 2024 - The most interesting projects to keep an eye on Comments? Questions? Email our host: arpan@luxuryproperty.com The Luxury Podcast is a production of LuxuryProperty.com, an award-winning luxury brokerage. Visit our website to learn more. DON’T FORGET TO FOLLOW US: Instagram: https://www.instagram.com/the_luxury_podcast/ Youtube: https://www.youtube.com/@TheLuxuryPodcast TikTok: https://www.tiktok.com/@the.luxury.podcast