The land market is fast emerging as what industry players describe as the ‘ultimate asset class’ in Dubai for super-high investment returns, driven by a new set of buyers who bet on the city’s evolving master plan and potential impact on long-term value, sector experts said.
The demand for ready plots and off-plan land in prime districts is seeing a surge of late, with buyers securing land in key districts, positioning themselves to emerge as key players in Dubai’s future landscape, eyeing to hit a jack in the medium-to-long-term, they said.
Industry insiders said investing in plots in Dubai presents are increasingly seen as a strategic advantage for both individual investors and institutional buyers, with returns reaching up to triple-digit percentages in key locations.
The plot segment is projected to emerge as a key wealth-generation vehicle for both regional and global investors, with prime land continuing to set new benchmarks.
The growing momentum for plot investments is evident, with some of the leading real estate consultancies in the city – such as Springfield Properties – reporting multi-million Dirham investments in secondary market land sales in just the first ten days of Ramadan.
