30% crash in dubai market around the corner ? What do you think guys
I’ve spent the last two weeks doing on-the-ground research across Dubai, meeting with agents, direct owners, and developer sales teams to understand what’s actually happening in the market.
Here are my observations:
I’m seeing discounts of up to 20% on some off-plan and ready properties through direct negotiations.
For many off-plan projects, developers are already offering 4% DLD waivers plus an additional 10–15% discount if you’re negotiating at the sales office.
If buyers can already get these discounts directly from developers, it raises the question: why would they buy a resale unit at a higher price?
JVC surprised me the most. It feels like there’s a new project every 100 meters, which makes me wonder how the market will absorb all the upcoming supply.
A few months ago, I was seeing 4-bedroom villas in Damac Lagoons around AED 2.7M. Now I’m hearing deals closing in the AED 2.1M–2.3M range.
I’ve also come across several distress deals in Damac Hills 2.
My personal view is that we’re entering a buyer’s market in many segments. If sales remain slow over the next six months and new supply continues to come online, I think some areas could see further price corrections. Of course, I don’t expect every community to behave the same—prime locations may hold up much better than oversupplied areas.
Another factor I’m watching is leverage. Many off-plan investors bought expecting to flip before handover, but that strategy becomes much harder when developers themselves are offering aggressive discounts on new inventory.
This is only my personal observation based on two weeks of intensive research, site visits, and conversations with people in the market. I could be wrong, and I’m genuinely interested in hearing other perspectives.
Because of what I’m seeing, I’ve decided to hold onto my cash for now instead of buying additional properties.
What’s your view?
Are you seeing the same trend, or do you think this is only affecting certain communities? I’d love to hear opinions from investors, agents, brokers, developers, and end users. Please share your experience with actual deals rather than asking prices.