There is currently a discrepancy of approximately 800 dirhams per square foot between new off plan launches and ready properties in Business Bay. Off plan projects are launching at around 2500 dirhams per square foot whereas ready units can be bough…
There is currently a discrepancy of approximately 800 dirhams per square foot between new off plan launches and ready properties in Business Bay. Off plan projects are launching at around 2500 dirhams per square foot whereas ready units can be bought for 1700 dirhams per square foot. This premium for off plan units increases the risk for investors as the property must appreciate significantly just to break even with the secondary market value upon handover.
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