April/May 2018
As you can see below, the average price per sq ft of the Oqood registered (off plan) properties is considerably lower than the secondary market sales.
The figures speak for themselves, but in simple terms, if you buy off plan you will not be able to recoup your purchase price in today’s market.
If you are looking to buy, then a property in the secondary market will bring you an instant return and, potentially a profit in the near future, certainly quicker than if you buy off plan.
Please see the average sold price data for the last two months by area. Please note that these prices are averages only, and I have removed the high luxury properties to give a more accurate price on the secondary market figures. If you require a more detailed valuation please reply to do this email.
14th March 2018 – 14th May 2018
Apartments
Downtown
Secondary Market
Number of transactions – 83
Price per sq ft AED1,554
Off Plan
Number of transactions – 127
Price per sq ft AED 1,978
Palm Jumeirah
Secondary Market
Number of transactions – 102
Price per sq ft AED1,751
Off Plan
Number of transactions – 72
Price per sq ft AED 2,360
Dubai Marina
Secondary Market
Number of transactions – 268
Price per sq ft AED1,355
Off Plan
Number of transactions – 214
Price per sq ft AED2,045
JVC
Secondary Market
Number of transactions – 96
Price per sq ft AED873
Off Plan
Number of transactions – 234
Price per sq ft AED1,337
Al Furjan
Secondary Market
Number of transactions – 31
Price per sq ft AED974
Off Plan
Number of transactions – 65
Price per sq ft AED1,321