Dubai Real Estate Market Future Forecast: Over 70% of Off-Plan Properties by 2029 Already Sold
Introduction
Dubai's residential real estate market is demonstrating exceptionally high demand, consistently outstripping future supply. The fact that over 70% of off-plan properties slated for completion by 2029 are already sold underscores strong investor confidence and indicates that supply expansion is closely aligned with demand.
This article, based on the latest analysis by fäm Properties, delves into the stability and future prospects of the Dubai real estate market.
Robust Demand Exceeding Supply: Astonishing Sales Rate
In Dubai, out of 426,182 units scheduled for handover between 2026 and 2029, 304,493 units have already been sold. This represents 71.45% of the total, an exceptionally high level rarely seen in mature global real estate markets.
Notably, 94.91% of properties slated for completion in 2026 are already sold, indicating sustained strong buyer interest despite an active construction cycle.
Annual Sales Rate
The annual sales rates for properties scheduled for completion from 2026 to 2029 are as follows:
- Properties scheduled for 2026 completion: 78.55% sold
- Properties scheduled for 2027 completion: 65.74% sold
- Properties scheduled for 2028 completion: 71.97% sold
- Properties scheduled for 2029 completion: 69.77% sold
This high percentage of sales for properties several years in advance is a significant indicator of market stability.
Strong Sales Performance of Major Developers
The sales performance of major real estate developers is also exceptionally strong. For properties scheduled for handover this year, each company reports very high sales rates.
- Emaar: 99.1% sold
- Meraas: 99.77% sold
- Damac: 99.17% sold
- Danube: 99.55% sold
- Nakheel: 93.5% sold
- Binghatti: 87.31% sold
These figures clearly demonstrate that demand is outstripping supply across the entire market, not just for specific developers.
Experts Discuss the Uniqueness of Dubai's Market
Firas Al Msaddi, CEO of fäm Properties, states, "Dubai continues to demonstrate a structurally different level of pre-demand compared to many other international real estate markets. The situation where almost all properties scheduled for handover next year, and over 70% of properties over the next four years, are already sold fundamentally changes how we assess supply risk and market stability."
This expert's view suggests that the current Dubai market is not merely experiencing temporary overheating but rather healthy growth supported by genuine demand.
Record Transaction Volume and Booming Luxury Property Market
Research by global consulting firm Knight Frank also confirms the robust demand in the Dubai market. In 2025, approximately 205,400 residential transactions, totaling around AED 544.2 billion, were recorded in Dubai, marking an all-time high in activity. This illustrates the significant amount of capital flowing into this sector.
Furthermore, Dubai maintains its position in the global luxury housing market, with approximately 500 homes priced over $10 million transacted in 2025. This speaks to Dubai's increasing attractiveness as an investment destination for high-net-worth overseas investors.
Summary
Dubai's off-plan real estate market is in an astonishing state, with over 70% of properties several years in advance already sold. This is a testament to strong investor confidence and a healthy balance between supply and demand. The strong sales performance of major developers and record transaction volumes also underscore the market's stability and future potential. The Dubai real estate market is expected to continue attracting attention from investors worldwide.
Reference Article
Dubai’s off-plan pipeline 71% sold through 2029 as demand stays ahead of supply - Khaleej Times
