Bayut’s Dubai Off-plan Market Report 2024

• At a Glance
• Prominent Areas
• Off-Plan Apartments
• Off-Plan Villas
• Top Developers

Dubai’s real estate market witnessed a highly successful year in 2024. According to the Dubai Land Department (DLD), sales volumes and transaction values for off-plan properties saw significant growth, mirroring the upward trajectory of the ready segment. Bayut’s Annual Dubai Off-Plan Property Report 2024 provides an in-depth analysis of market dynamics, highlighting Dubai’s sustained appeal and the evolving pricing trends of new off-plan developments.

Disclaimer: The prices mentioned in this Annual Dubai Off-Plan Property Report 2024 (MKTT RPT YE 2024) are based on prices for off-plan properties advertised by real estate agencies on behalf of their clients on Bayut.com. The prices do not represent actual real estate transactions conducted in Dubai unless specified based on DLD data.

AT A GLANCE: OFF-PLAN PROPERTIES DRIVE DUBAI’S REAL ESTATE BOOM IN 2024

Dubai’s real estate market showcased remarkable growth in 2024, with significant developments across both apartment and villa segments.

Here’s an overview of the key trends observed in Bayut’s Off-plan Dubai Market Report:

• Off-plan apartment sales continued their dominance, with Jumeirah Village Circle (JVC) recording 11,927 off-plan transactions. Off-plan apartments in Business Bay reported the highest average transaction price of AED 2.5M (AED 2,600 per sq. ft.).
• Strong performance was seen in the off-plan villa market, particularly in The Valley by Emaar and Dubailand. Increasing interest was also observed in luxury villa developments, with Athlon by ALDAR reporting the highest average transaction price of AED 4.24M.
• Off-plan villas in Dubai Investment Park experienced the highest value per sq. ft. at AED 1,521.
• A total of 428 new projects were launched in 2024, with Emaar Properties making the greatest contribution with 44 project launches and 16,666 transactions.

TOP AREAS OF INTEREST FOR OFF-PLAN PROPERTIES IN 2024

Dubai’s real estate market continues to captivate global investors, with off-plan properties leading the charge. In 2024, these new launches and pre-construction investments accounted for a staggering 60% of all property sales, underscoring a growing preference for new developments. With competitive pricing, attractive payment plans and a tight secondary market, buyers increasingly turned to off-plan options for their long-term potential.

Based on the Dubai Land Department data, out of the 169,000 total property transactions recorded last year—valued at AED 488 billion—over 102,000 were off-plan deals, contributing AED 213 billion to the market. This dominance reflects a clear shift in investor sentiment as buyers seek opportunities that offer flexibility, affordability and future capital appreciation.

Off-plan apartments for sale in Dubai made a significant contribution to this volume. The trends analysis for the Annual Dubai Off-plan Property Report 2024 indicates that the majority of transactions involving off-plan apartments in Dubai were conducted in the following neighbourhoods:

• Jumeirah Village Circle
• Business Bay
• Dubai Hills Estate
• Sobha Hartland 2
• Meydan City

Investors were particularly interested in off-plan villas in areas such as:

• The Valley by Emaar
• Dubailand
• Dubai South
• Dubai Investment Park (DIP)
• Athlon by ALDAR

Let’s take a closer look at the off-plan projects in trending areas of Dubai that captured the most attention from investors for apartments and villas in 2024.

Please note: Area popularity is based on the number of transactions recorded by the DLD in a particular area during 2024.

ANNUAL DUBAI OFF-PLAN PROPERTY REPORT 2024: MOST SOUGHT-AFTER AREAS FOR APARTMENT PROJECTS

Jumeirah Village Circle (JVC) emerged as a top choice for buying off-plan apartments in Dubai in 2024. With several noteworthy projects completed last year, such as Binghatti Amber, Binghatti Onyx, Binghatti House and Binghatti Venus, JVC solidified its position as a preferred destination for investors.

The most prominent new developments in JVC that captured buyer interest in 2024 for apartments include:

• Binghatti Azure
  • Developer: Binghatti Developers
  • Location: JVC District 16
  • Property Types: Studios, 1 and 2-bedroom apartments
  • Average Listing Price: AED 1,314,149
  • Expected Completion: 2025
• One Park Central by IMAN
  • Developer: IMAN Developers
  • Location: JVC District 15
  • Property Types: Studios, 1 and 2-bedroom apartments, 2-bedroom duplexes and 3 to 4-bedroom penthouses.
  • Average Listing Price: AED 1,330,953
  • Expected Completion: Q2 2027
• Elitz 3 By Danube
  • Developer: Danube Properties
  • Location: JVC District 13
  • Property Types: Studios, 1, 2 and 3-bedroom apartments
  • Average Listing Price: AED 1,461,371
  • Expected Completion: Q4 2026

According to the data compiled for the Dubai Annual Off-Plan Property Report 2024, Business Bay emerged as a notable area of interest for investors seeking off-plan apartments in Dubai. Recent handovers within the district include The Sterling, developed by Omniyat and Nobles Tower by Tiger Properties.

Key off-plan Business Bay new projects that were the most popular based on apartment transactions recorded with the DLD in 2024 include:

• Bayz 101 By Danube
  • Developer: Danube Properties
  • Property Types: Studio to 4-bedroom apartments
  • Average Listing Price: AED 2,689,134
  • Expected Completion: Q2 2028
• Rove Home Marasi Drive
  • Developer: Irth Developments
  • Property Types: Studio and 1-bedroom apartments
  • Average Listing Price: AED 1,765,407
  • Expected Completion: Q1 2027
• Binghatti Skyrise
  • Developer: Binghatti Developers
  • Property Types: Studio to 3-bedroom apartments
  • Average Listing Price: AED 1,623,436
  • Expected Completion: Q4 2026

Our analysis of Dubai’s off-plan property market highlights Dubai Hills Estate as a key investment hotspot, particularly for its apartment developments.

Some of the new projects in Dubai Hills Estate that have attracted strong buyer interest include:

• Palace Residences Dubai Hills Estate
  • Developer: Emaar Properties
  • Property Types: 1, 2 and 3-bedroom apartments
  • Average Listing Price: AED 2,711,869
  • Expected Completion: Q2 2028
• Park Lane
  • Developer: Emaar Properties
  • Property Types: 1, 2 and 3-bedroom apartments, 3-bedroom townhouses
  • Average Listing Price: AED 2,728,886
  • Expected Completion: Q1 2028
• Address Residences Dubai Hills Estate
  • Developer: Emaar Properties
  • Property Types: 1, 2 and 3-bedroom apartments
  • Average Listing Price: AED 2,611,997
  • Expected Completion: Q1 2029

In addition to the above-mentioned areas and projects, Bayut’s Annual Dubai Off-plan Property Report 2024 showed that off-plan apartment buyers were inclined towards new projects in Sobha Hartland 2 and Meydan City.

ANNUAL DUBAI OFF-PLAN MARKET REPORT 2024: POPULAR AREAS FOR VILLA PROJECTS

The Valley, a master-planned community by Emaar Properties, emerged as the most popular choice for investors interested in off-plan villas. The community is designed for family-friendly living with modern villas, townhouses, lush green spaces and world-class amenities.

As per Dubai Annual Off-plan Property Report 2024, the most popular new projects in The Valley include:

• The Valley – Venera
  • Developer: Emaar Properties
  • Location: The Valley Phase 2
  • Property Types: 3 and 4-bedroom townhouses
  • Average Listing Price: AED 3,075,591
  • Expected Completion: Q3 2028
• The Valley – Velora
  • Developer: Emaar Properties
  • Location: The Valley Phase 2
  • Property Types: 3 and 4-bedroom townhouses
  • Average Listing Price: AED 3,066,638
  • Expected Completion: Q3 2028
• The Valley – Lillia
  • Developer: Emaar Properties
  • Location: The Valley Phase 2
  • Property Types: 3 and 4-bedroom townhouses
  • Average Listing Price: AED 2,503,374
  • Expected Completion: Q1 2027

Based on the data collected for the Dubai Off-plan Market Report 2024, Dubailand also recorded considerable transactions for off-plan villas for sale in Dubai during the year.

New projects in Dubailand that appealed most to villa buyers included:

• Reportage Village
  • Developer: Reportage Properties
  • Property Types: 2, 3 and 4-bedroom townhouses
  • Average Listing Price: AED 1,367,643
  • Expected Completion: Q3 2028
• Haven by ALDAR
  • Developer: Aldar Properties
  • Property Types: 3 and 4-bedroom townhouses and 4, 5 and 6-bedroom villas
  • Average Listing Price: AED 4,581,050
  • Expected Completion: Q3 2027
• DAMAC Sun City
  • Developer: DAMAC Properties
  • Property Types: 4 and 5-bedroom townhouses
  • Average Listing Price: AED 3,009,117
  • Expected Completion: Q1 2028

With its increasing popularity, Dubai South was another district that recorded a healthy volume of off-plan transactions for villas during 2024. The new Dubai South projects that attracted the most buyer interest regarding villas were concentrated in Emaar South. The list includes:

• Greenridge
  • Developer: Emaar Properties
  • Location: Emaar South
  • Property Types: 3 and 4-bedroom townhouses
  • Average Listing Price: AED 3,162,504
  • Expected Completion: Q4 2028
• Greenway 2
  • Developer: Emaar Properties
  • Location: Emaar South
  • Property Types: 3 and 4-bedroom townhouses
  • Average Listing Price: AED 3,034,554
  • Expected Completion: Q2 2028
• Golf Lane
  • Developer: Emaar Properties
  • Property Types: 4-bed semi-detached villas and 5-bedroom stand-alone villas
  • Average Listing Price: AED 5,072,503
  • Expected Completion: Q4 2028

Based on the Annual Dubai Off-Plan Property Report 2024 data, Dubai Investment Park (DIP) appealed to investors searching for off-plan villas in Dubai. Likewise, villas for sale in Athlon by ALDAR also gained interest from off-plan property buyers.

KEY DEVELOPER INSIGHTS – ANNUAL DUBAI OFF-PLAN PROPERTY REPORT 2024

• In 2024, 428 new projects were introduced, reflecting the strong momentum in Dubai’s off-plan real estate sector.
• Leading the market with 16,666 transactions across 44 projects, Emaar Properties delivered 18,398 units, maintaining its dominance as Dubai’s top developer.
• Sobha Realty recorded 9,159 transactions across its 8 new projects that comprise 10,361 units.
• With 7,804 transactions and 30 new projects, DAMAC Properties introduced 13,742 units, reinforcing its position as a key player in Dubai’s off-plan sector.
• Azizi Developments saw 6,780 transactions across 14 projects, bringing 17,414 units to market, making it one of the most active developers in terms of unit supply.
• Launching 19 projects with 6,118 transactions, Binghatti Developers added 13,222 units, maintaining a steady presence in Dubai’s off-plan landscape.

Emaar remains the leader among Dubai’s top off-plan developers in terms of transaction volume and project launches, while Sobha Realty and Azizi Developments focus on delivering high-unit developments.

That brings us to the end of Bayut’s Annual Dubai Off-Plan Property Report 2024. The overall data highlights Dubai’s continued appeal to investors seeking off-plan opportunities. If you’re looking to invest in ready properties, take a look at our Dubai Sales Market Report 2024 to get a clearer picture of the prevailing prices and popularity trends.

If you’re interested in upcoming projects that may present lucrative property investment opportunities, our guide to Dubai’s hottest new property launches for February 2025 is a great place to start.