Realiste’s Index reveals the key to profitable off-plan investments in Q2

Realiste’s Index reveals the key to profitable off-plan investments in Q2

Dubai, UAE – Realiste, the leading artificial intelligence company in the UAE, has unveiled the opportunities and risks in Dubai's emerging off-plan property market using their AI-powered innovative platform, "Index." This analysis provides valuable insights for investors considering Dubai's rapidly growing off-plan sector.

According to data from Realiste's Index, Dubai's off-plan property market has experienced significant growth, with record-breaking transactions in prime and super-prime neighborhoods such as the Palm Jumeirah, Port de la Mer, and Safa Park. Prices per square foot in these areas range from 1,200 AED to 7,159 AED, with developers like Raffles, Mag, and Palma Holding leading the charge.

The growth of Dubai's off-plan property market is driven by both local and foreign investors recognizing its enormous potential. Index predicts that the Dubai property market will continue to develop in 2023, with property prices reaching up to 23,000,000 AED.

Off-plan properties offer several opportunities, including lower purchase prices and the potential for capital appreciation, as investors are free to remodel and sell their properties in the future. However, Realiste's Index also highlights several risks associated with off-plan properties.

One of the main risks is the possibility of delays or cancellations, which can be mitigated through the Real Estate Regulatory Agency (RERA)