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Dubai luxury off-plan real estate boom could push developers to ignore affordable mid-market, experts warn

25 Oct, 2023

By, Admin

As Dubai’s off-plan market booms with uber-luxury launches, industry voices emphasize the need to maintain availability across more affordable segments or risk inequitable access 

Dubai has seen a boom in Luxury off-plan launches this year due to heavy advertising which has overshadowed launches in the affordable mid-market segment, experts say, suggesting real estate developer’s focus on wealthy buyers risks supply imbalances.

With 64 percent of purchases just under AED3 million historically, some say more must be done to cater to mid-market demand as more Dubai residents look to snap up properties due to the hike in rental prices this year.