Last week, our Sales Director of Off-Plan and Investments, Jake Matthews-Hubbard, was on Dubai Eye 103.8FM for the Business Breakfast.
Joined for an exciting session, Jake spoke on the upcoming developments in the market, including Bayn by Ora, Amaal 8, Mansoury Residences, and more, which have significantly driven up the demand for affordable luxury housing in the market.
Jake added to this by discussing more at length about how many buyers from the secondary market are now shifting towards the off-plan market, as they are chasing newer, better and more premium living, which off-plan developers are now offering.
But can developers build fast enough?
Jake believes that, with the demand for off-plan units rising so drastically, we have also noted that, according to the Dubai Statistics Centre, an average of 1,000 new residents move to Dubai. This means many of these new residents are also buyers and investors, appealing to the market.
Established developers such as Emaar, Nakheel, Meraas, DAMAC, Danube, and Samana are accelerating their project pipelines, with demand consistently outpacing supply.
Jake addresses this by sharing his top tips to new investors, and projects to keep an eye out for, which will be handing over soon and what kind of ROI’s to expect.
Want to find out?
You can watch the full interview by clicking on the link HERE.
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