Dubai has officially become the busiest luxury real estate market in the world with over AED3.1 billion ($850 million) worth of sales for properties priced at $10 million or higher. The off-plan sector has been performing especially well, with off-plan accounting for roughly 61% of all transactions. Mark Richards, Managing Director of LuxuryProperty.com, discusses the incredible growth of Dubai's off-plan market.

In this episode, we cover:

- Factors driving the off-plan market in 2023

- How the off-plan market has changed in the past 15 years

- How developers stay competitive in a busy market

- What's next for the off-plan market in 2024

- The most interesting projects to keep an eye on

Comments? Questions? Email our host: ⁠⁠[email protected]⁠⁠

The Luxury Podcast is a production of ⁠⁠LuxuryProperty.com⁠⁠, an award-winning luxury brokerage. Visit our website to learn more.

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