As a hotspot offering residential facilities as well as work opportunities, DIFC has become a popular walk-to-work destination. It also offers entertainment options as the popular Downtown Dubai is located in close proximity.

Recent economic reforms coupled with the developments ahead of Expo 2020 are considered to be the reasons driving real estate growth in Dubai.

Oversupply and muted income growth are the prime factors that are exerting pressure on the market persistently, and the demand side doesn’t seem to be catching up with the volume of supply.

The prices will continue to soften if the delivery of scheduled homes takes place on time.

In the period between January and May 2018, approximately 8,000 residential units have been introduced in the off-plan property market.