Dubai’s Off-Plan Market Booms as Demand Outstrips Supply: MetaHomes AI driven database empowers investors with a competitive edge

  • Date: 04-May-2024
  • Source: Emirates 24/7
  • Sector:Financial Markets
  • Country:UAE
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Dubai’s Off-Plan Market Booms as Demand Outstrips Supply: MetaHomes AI driven database empowers investors with a competitive edge




MetaHomes AI driven database empowers investors with a competitive edge as Dubai Off-Plan Sales Soar

Dubai's real estate sector has been making headlines once again, with a surge in off-plan properties driving the market to new heights. As demand continues to outstrip supply in the vibrant Emirate, investors are turning their attention to off-plan developments, seeking lucrative opportunities in the rapidly growing market. In the midst of this dynamic landscape, the emergence of innovative technology is reshaping the industry, with artificial intelligence (AI) taking center stage.
According to recent reports, Dubai's off-plan sector has been on a remarkable trajectory, bolstering the overall UAE real estate market to exceed Dh400 billion in sales in 2023, according to DLD. This growth, spanning four consecutive years, underscores the resilience of Dubai's property market and its enduring appeal to investors worldwide. With demand projected to soar in the coming years, particularly fueled by the Emirate's burgeoning population, off-plan properties are poised to play a pivotal role in driving market expansion in 2024 and beyond.
Recent data highlights the persistent imbalance between supply and demand, attributing it to Dubai's rapid population growth. Despite the completion of over 60,000 units, demand continues to outpace supply, underscoring the robustness of