- Dubai’s off-plan market saw 130% growth in the first half of this year
- 25,456 sales transactions worth AED 69.72 billion were recorded in Q3 of 2022
- Qatar World Cup to boost residential real estate in the UAE
Dubai, UAE – 10 November 2022: ZāZEN Properties, a leading sustainable property developer in the UAE, is observing strong growth in the UAE’s residential real estate sector. The homegrown brand notes that the sale of off-plan and secondary properties in Dubai reached a 12-year high in the third quarter, both in terms of volume and value. ZāZEN Properties shares its insights on why this trend is set to continue for the foreseeable future.
In the coming weeks, the Qatar World Cup 2022 (QWC) will immensely impact the UAE’s residential real estate sector. Dubai’s stature as a leading global destination for tourists, and its proximity to Qatar, will make the emirate a preferred destination for QWC attendees to situate themselves in before, during, and after the event; the UAE is projected to record a rise in demand for accommodation of up to 40% with many of these visitors seeing the benefits of Dubai and looking to invest in the city.
In the first half of 2022, Dubai’s off-plan market reportedly saw a growth trajectory of more than 130% with over 130,000 units from almost 85 launched projects. The UAE’s real estate market is well-equipped to provide buyers with sufficient purchasing options. A significant portion of QWC visitors will be high-net-worth individuals (HNWI) who are looking to purchase premium properties but mid-market buyers will also have their fair share of properties to choose from. From an investment perspective, both categories of buyers will benefit more from the latter as it usually involves lower ticket values and a higher potential for strong rental ROI.
About ZāZEN Properties:
Launched in 2018, ZāZEN Properties is building unique sustainable residential developments in established communities of Dubai, catering to the mid-market segment consumer and providing a ‘community within a building.’
ZāZEN Properties’ flagship development, ZāZEN One, located in JVT, was delivered in January 2022 and has been repeatedly nominated for its design and sustainability efforts, recently receiving the Sustainable Real Estate Project of the Year Award at the 2022 Sustainability Innovation Awards and the Best Residential Development Award at the Arabian Property Awards 2022. As a result, units at ZāZEN One sold out within 6 months with residents occupying and enjoying the vast number of amenities.
ZāZEN Properties continues to push the boundaries between design, sustainability, affordability, and community living, with the ultimate goal of helping people in Dubai live better. Construction for the sustainable developer’s newest project is underway; off-plan sales for ZāZEN Gardens will commence in November 2022, and a show unit and sales centre will be at the project site.
