As Dubai property market nears peak, ready homes get buyers’ full attention

As Dubai property market nears peak, ready homes get buyers’ full attention

Dubai: Apartment owners in Dubai - those who bought for investment purposes - are finding now is a good time to be selling. And get some super-sized returns.

If it’s a ready home that they have to sell, buyers are willing to pay a premium for that. This is showing up in the prices that ready homes are selling for, as sellers look to land the best possible deals in a market that continues to pull in heavy demand. Across the established locations, property values are close to their 2014 peaks, while in the newer freehold hubs, latest deals show new price thresholds have been set.

Over the last few weeks, as offplan project launches dipped - for a summer break? - ready homes are catching a lot of the buyer attention. So much so, the gap in prices between offplan properties and ready homes have narrowed, by quite a bit.

Typically, offplan sales prices are higher by 20-40 per cent over ready units in the same location and for similar property types. In 2022, that gap had widened to even 50 per cent plus.

Through recent weeks, though, the price difference has shrunk at some of Dubai’s most in-demand locations.

These are some of