The First Quarter of Dubai Property Market Sees Encouraging Vibes for Off-Plan Deals


According to Property Finder, 9,317 property transactions took place in Dubai. The period from January 2019 to March 2019 witnessed it. Those transactions valued AED21,200,000,000. Property Finder is a UAE based property portal.

Property Finder gives one bit of relevant information. It covers the first quarter of 2019. It is about transactions in Dubai. A balance in off-plan and secondary market appeared in the said time.

New research adds to the information. It centres a particular period. It is from January 2019 to April 2019. There took place thirteen deals. Each had AED 100,000,000 worth. 100,000,000 AED deals equal 27 million US Dollars worth transactions.



Property Finder mentioned 37 particular commercial real estate transactions. Master Developers matured these transactions. Their collective worth exceeded AED 50 million mark. It is that principle attraction. Those commercial properties included:

  1.       Schools
  2.       Hospital
  3.       Land tracts (plots)


Following is the breakdown of purchase properties. Emaar bought 3 plots in Arabian Ranches in February. Those valued AED 325,000,000. April witnessed five hotel transactions.  These valued AED 17,000,000,000. Emaar sold:


  •      Dubai Mall
  •      Boulevard
  •      Dubai Marina
  •      Vida Downtown
  •      Manzil Downtown


to Abu Dhabi National Hotels.

Property finder revealed that balance between off-plan and secondary market selling and buying continued in:

  • January
  • February
  • March


of 2019. The first quarter saw Dubai counting 9,317 transactions in total. These transactions noted AED 21,200,000,000 worth business in the aforesaid quarter. 

The report found balance a breeze. Simply, it was a stabilizing factor. It signified maturity. Both investors and end users exuded this maturity. Real estate market was the venue here.

Lynnette Abad added more information. She relates to Property Finder. She is Research and Data Director at Property Finder. She opined market activity wasn’t slowing down. She noted emergence of many maturity signs. This Lynnette Abad information concerned last year. Construction is in full swing. Many projects support it. New areas are seeing construction. Under-constructions units are about to bear fruit. These are about to complete. Transactions are emitting good omens. These transactions take place in:


  •        Off-plan
  •       Secondary markets


According to Ms. Abad, Dubai property market grew in the first quarter of 2018. The value of deals grew. It was 7.9 on the percentage scale. The value of deals grew by 7.9%.  This growth re-visited in Q1 2019. This time it was greater. It was 0.65 greater than last time.

On the volume scale:
  1.      It was 4,967 in the off-plan
  2.      These deals valued AED 13,300,000,000
  3.      It was 4,350 in secondary market
  4.      These transaction valued AED 7,8000,000,000
  5.      It was an almost equal split.  


Off-plan transactions topped in:



  1.      Dubai Hills State
  2.      Downtown
  3.      Business Bay
  4.      In the first quarter


On the other hand, secondary markets transactions topped in:

  1.       International City
  2.      Dubai Marina
  3.       Palm Jumeriah
  4.      Business Bay


Following lists categorized sale statistics.

Off-plan market splits villa andtownhouse sale data into two categories:

  •      Townhouse and villa community
  •      Townhouse and villa projects


    This is the first category data. Sales of villa and townhouse communities topped in:

a.    Emaar South in Dubai South
b.    Arabian Ranches 2
c.     Dubai Hills Estate

    This is the second category data. Villa and townhouse project sales topped in:

a.    Expo Golf Villas in Dubai South
b.    Arabian Ranches 2:
c.     Camelia
d.    Reem


Property Finder Provided Secondary Market Statistics

     The secondary market witnessed end-users purchasing. Mostly villas and townhouses were bought. These communities were:

a.    Emirates Living:
                                          i.    Springs
                                        ii.    Lakes
                                       iii.    Meadows
b.    Arabian Ranches
c.     Al Furjan

    Regarding off-plan market:

a.    Dubai Hills Estate
b.    Downtown
c.     Business Bay

Witnessed top apartment communities sales. Apartment project sale topped in:

d.    Emaar Beachfront
e.     Seven City
f.     JVT and Scio regarding Dubai Hills Estate

5   The end-user apartment sale topped in:

a.    Dubai Marina
b.    Palm Jumeirah
c.     International City

These are established communities.