ZāZEN Properties; Dubai’s off-plan segment is fueling UAE real estate success

ZāZEN Properties; Dubai’s off-plan segment is fueling UAE real estate success

- Off-plan projects saw a nearly 100% increase compared to November of last year

- UAE construction is projected to grow by 3.9% with output worth over AED 286 million

Dubai, UAE: ZāZEN Properties, a leading sustainable property developer in the UAE, cites that Dubai’s real estate market has continued to showcase post-pandemic resilience by recording sales transactions worth AED 30.5 billion in November. The homegrown brand recently launched off-plan sales for its newest project, ZāZEN Gardens in Al Furjan, and explains how the industry’s best monthly performance since 2011 has been fueled by rising interest in off-plan projects[1].

Last month, Dubai registered a 58.5% year-on-year increase in real estate transactions with 10,941 sales, compared to 6,905 deals in November of last year. This growth has been spearheaded by the off-plan sector’s record-breaking performance; a shortage of good quality ready-to-live-in developments has seen Dubai’s under-construction segment[2] transact over AED 12.7 billion for the first time in a decade, reflecting an 87.1% increase with nearly double the AED 6.8 billion value registered in the same month last year[3].

Dubai has attracted 4,000 high-net-worth individuals (HNWIs), the largest number of any country in the world this year. This is adding to the nearly 70,000 millionaires that