Dubai’s property market has never felt more alive than it does right now. Whether you are a seasoned investor chasing capital appreciation or a first-time buyer looking for a smart entry point, the latest off plan projects in Dubai 2026 are opening doors to some of the most attractive opportunities the city has ever seen. From beachfront towers on Palm Jumeirah to golf-front villas in Emaar South, the sheer variety of new launches this year is truly remarkable.
What makes 2026 particularly compelling is the scale of momentum behind it. Off-plan sales now account for more than 70% of total real estate transactions in Dubai, and that figure is only expected to climb. Major developers are rolling out large-scale communities across high-growth corridors like Dubai Islands, Dubai South, and new master-planned phases that are reshaping entire neighbourhoods. If you have been waiting for the right moment to step into Dubai real estate, this is arguably the most well-rounded window the market has offered in years.
Why Off Plan Properties in Dubai Make Sense in 2026
Before diving into the projects themselves, it helps to understand what makes buying off-plan such a strategic move at this particular time.
When you purchase an off-plan property, you are locking in a price that is typically 10–25% below what the same unit would cost once completed. You spread your payments across a flexible schedule — often tied to construction milestones — rather than paying everything upfront. And because Dubai’s population grew by 6% in 2024 alone, reaching 3.9 million residents, the rental demand that supports your investment keeps ticking upward.
On top of that, the UAE’s Golden Visa programme is directly linked to property investment. Buyers who commit at least AED 2 million to an off-plan purchase can qualify from the date the contract is signed, making this asset class doubly attractive for those seeking long-term residency alongside their investment returns.
| Key Benefit | What It Means for Buyers |
|---|---|
| Lower Entry Price | 10–25% below completed property value |
| Flexible Payment Plans | Spread across 2–5 years tied to construction |
| Capital Appreciation | Value often rises before handover |
| UAE Golden Visa Eligibility | AED 2M minimum investment qualifies |
| Tax-Free Returns | No capital gains tax or rental income tax |
| Freehold Ownership | Full ownership rights for foreign nationals |
The Top Developers Behind Dubai’s 2026 Off Plan Launches
Dubai’s off-plan market is driven by a handful of names that have spent decades building trust, delivering projects on time, and setting the benchmark for quality. Understanding who is behind a project matters just as much as the project itself.
Emaar Properties remains the gold standard. The developer behind Burj Khalifa, Dubai Mall, and entire master communities like Downtown Dubai and Dubai Hills Estate is actively launching projects across Dubai Creek Harbour, Emaar Beachfront, and Emaar South. Their track record for on-time delivery is one of the strongest in the UAE.
DAMAC Properties brings a flair for bold, themed communities. From the Mediterranean clusters of DAMAC Lagoons to branded residences in collaboration with Versace and Cavalli, their portfolio targets investors who want a strong Dubai off-plan ROI paired with a luxury lifestyle narrative.
Sobha Realty has built a reputation for construction quality that attracts both end-users and long-term investors. Rental demand in Sobha communities stays consistently high throughout the year, which is exactly what investors want when calculating yield.
Binghatti Developers led the off-plan segment in the second half of 2025 with over 13,000 units launched, followed by DAMAC with 6,588 units and Emaar with 6,262. These numbers reflect genuine market confidence rather than speculative noise.
| Developer | Known For | Key 2026 Projects | Avg. Rental Yield |
|---|---|---|---|
| Emaar Properties | Master communities, Downtown Dubai | Greencrest, Golf Vale, Cedar Creek Harbour | 5–7% |
| DAMAC Properties | Branded residences, Mediterranean clusters | DAMAC Lagoons Morocco, Safa Three | 6–8% |
| Sobha Realty | High-end finishes, construction quality | Sobha Hartland II, Sobha Estates | 5–7% |
| Binghatti Developers | Architectural statements, Business Bay | Vision Iconic, Burj Binghatti Jacob & Co | 7–9% |
| Nakheel | Palm Jumeirah, island communities | Palm Beach Towers, Palm Jebel Ali | 5–6% |
| Meraas | Lifestyle communities | Solaya La Mer, City Walk | 5–7% |
| Ellington Properties | Boutique luxury | Ocean House, Wilton Park | 6–7% |
Latest Off Plan Projects in Dubai 2026: Project-by-Project Breakdown
1. Greencrest by Emaar — Dubai Hills Estate
Greencrest is a refined residential launch within the prestigious Dubai Hills Estate, developed by Emaar Properties in 2026. The project centres around a healthy, active lifestyle, with direct access to the massive Dubai Hills Park and the championship golf course just moments from your door. It offers 1, 2, and 3-bedroom apartments designed with clean architectural lines and wellness-first interiors.
| Detail | Information |
|---|---|
| Developer | Emaar Properties |
| Location | Dubai Hills Estate |
| Unit Types | 1, 2 & 3-bedroom apartments |
| Starting Price | AED 1.57 Million |
| Payment Plan | 80/20 (10% booking) |
| Handover | 2027–2028 |
| Expected Rental Yield | 5.5–6.5% per annum |
| Expected ROI | 15–20% capital appreciation |
| Key Amenities | Dubai Hills Park access, golf course, pools, fitness centres, children’s play areas |
| Golden Visa Eligible | Yes (units above AED 2M) |
Investing in Greencrest means buying into one of Dubai’s most successful master-planned communities. Emaar’s track record for creating high-value integrated neighbourhoods means this property should deliver meaningful long-term capital appreciation and strong rental income in equal measure.
2. DAMAC Lagoons — Dubailand
DAMAC Lagoons is one of Dubai’s most talked-about communities, and for good reason. Spread across 45 million square feet in Dubailand, it is built around a series of man-made crystal lagoons and divided into Mediterranean-themed clusters — each inspired by a different European coastal destination. Morocco, Santorini, Venice, Ibiza, Monte Carlo, Marbella, and more all exist within a single gated masterplan.
The Morocco cluster, which carries a Q4 2026 handover, is among the most sought-after phases for current investors. The project offers 4 to 7-bedroom villas and townhouses with lagoon access, white-sand beaches, and a full suite of resort-style amenities that make every day feel like a holiday.
| Detail | Information |
|---|---|
| Developer | DAMAC Properties |
| Location | Dubailand, adjacent to DAMAC Hills |
| Unit Types | 3–7 bedroom villas and townhouses |
| Starting Price | AED 1.7 Million (townhouses) |
| Morocco Cluster Starting Price | AED 2.85 Million |
| Payment Plan | 60/40 |
| Handover (Morocco) | Q4 2026 |
| Expected Rental Yield | 6–8% per annum |
| Expected ROI | 20–25% capital appreciation |
| Total Community Size | 45 million sq. ft. |
| Key Amenities | Crystal lagoons, wave pool, lagoon zipline, floating cinema, gondola rides, snorkeling, water cinema, waterpark, waterfalls, fitness centres, retail, cafes, medical centres |
| Golden Visa Eligible | Yes |
The combination of location, lifestyle, and developer pedigree makes DAMAC Lagoons one of the smartest choices among the latest off plan projects in Dubai 2026. It sits adjacent to Hessa Street and within easy reach of Al Khail Road and Sheikh Mohammed Bin Zayed Road — meaning connectivity is excellent despite the peaceful, resort-like environment.
3. Golf Vale by Emaar — Emaar South
Golf Vale is a premium residential development by Emaar Properties launched within the Emaar South master community. Positioned near Al Maktoum International Airport and the Expo City district, this project represents what many analysts consider one of the highest-upside locations in the entire Dubai market. The area’s transformation from an infrastructure corridor to a fully integrated urban district is already well underway, and Golf Vale is ideally positioned to benefit from that shift.
| Detail | Information |
|---|---|
| Developer | Emaar Properties |
| Location | Emaar South, near Al Maktoum Airport |
| Unit Types | Villas and townhouses |
| Starting Price | AED 3.15 Million |
| Payment Plan | 80/20 |
| Handover | 2027–2028 |
| Expected Rental Yield | 5–6.5% per annum |
| Expected ROI | 20–30% long-term capital growth |
| Key Amenities | Golf course frontage, community parks, retail, schools, metro connectivity via Route 2020 |
| Golden Visa Eligible | Yes |
The combination of golf-front living, proximity to the world’s largest airport in development, and Emaar’s master community ecosystem creates a powerful investment argument. Property For Rent In Dubai within Emaar South communities has consistently shown strong occupancy rates as the area’s population grows year on year.
4. Vision Iconic by Binghatti — Meydan
Vision Iconic is a landmark project by Binghatti Developers that makes a bold architectural statement in the Meydan neighbourhood. The development targets modern urbanites seeking luxury with a distinctive aesthetic signature — Binghatti’s hallmark contemporary style is immediately recognisable and commands a premium in resale and rental markets alike.
| Detail | Information |
|---|---|
| Developer | Binghatti Developers |
| Location | Meydan, near Downtown Dubai |
| Unit Types | 1, 2 & 3-bedroom apartments |
| Starting Price | AED 1.2 Million |
| Payment Plan | 70/30 |
| Handover | Q2–Q3 2026 |
| Expected Rental Yield | 7–9% per annum |
| Expected ROI | 15–20% capital appreciation |
| Key Amenities | Resort-style pool, gym, concierge, retail podium, Meydan Racecourse access |
| Golden Visa Eligible | Yes (select units) |
Meydan’s proximity to Downtown Dubai makes it a natural choice for professionals and executives. Binghatti’s reputation for landmark-style architecture frequently attracts premium tenants, which supports both yield and exit value when investors decide to sell.
5. Armani Beach Residences — Palm Jumeirah
Developed by Arada on the iconic Palm Jumeirah, Armani Beach Residences sits in the ultra-luxury tier of Dubai’s off-plan market. It is a branded residence collaboration that brings the Armani design philosophy to one of Dubai’s most recognisable addresses. The Palm’s crescent location delivers uninterrupted sea views, immediate access to the island’s five-star hotels and beach clubs, and convenient links to Dubai Marina, Downtown, and the airport.
| Detail | Information |
|---|---|
| Developer | Arada |
| Location | Palm Jumeirah Crescent |
| Unit Types | 2–4 bedroom apartments, duplexes, signature penthouse |
| Starting Price | AED 21.5 Million |
| Payment Plan | 60/40 |
| Handover | Q4 2026 |
| Expected Rental Yield | 4–5% (ultra-luxury tier) |
| Expected ROI | 15–18% capital appreciation |
| Key Amenities | Private sea access, wellness centre, concierge, curated finishes, sculptural architecture, private pools, beach club access |
| Golden Visa Eligible | Yes |
For buyers in the ultra-premium segment, Armani Beach Residences represents exactly the kind of irreplaceable address that holds value regardless of market conditions.
6. Sobha Hartland II / Sobha Estates — MBR City
Sobha Hartland II is the next stage of Sobha Realty’s flagship community in Mohammed Bin Rashid City, and it continues to attract serious buyers for one fundamental reason: Sobha builds everything in-house. From the concrete to the finishes, vertical integration means quality control at every stage of construction.
The flagship Sobha Estates villas within Hartland II — covering 5 to 6 bedrooms with private gardens and pools — are scheduled to complete in Q4 2026, targeting the ultra-luxury segment. The community surrounds three natural lagoons and extensive green spaces in one of Dubai’s most central locations.
| Detail | Information |
|---|---|
| Developer | Sobha Realty |
| Location | MBR City, Bukadra |
| Unit Types | 1–3 bedroom apartments (Hartland II), 5–6 bedroom villas (Sobha Estates) |
| Apartment Starting Price | AED 1.3 Million |
| Villa Starting Price | AED 22 Million+ |
| Payment Plan | 20/40/40 |
| Handover | Q4 2026 – Q1 2029 (by phase) |
| Expected Rental Yield | 5–7% per annum |
| Expected ROI | 18–22% capital appreciation |
| Key Amenities | Three natural lagoons, landscaped parks, Ras Al Khor Wildlife Sanctuary proximity, schools, retail, fitness, cycling and jogging tracks |
| Golden Visa Eligible | Yes |
7. Palm Beach Towers — Palm Jumeirah
Developed by Nakheel, Palm Beach Towers sits directly on Palm Jumeirah and delivers panoramic views of both the Arabian Gulf and the Dubai skyline. This project appeals to buyers seeking a combination of location prestige, developer reliability, and a price point that remains accessible by Palm Jumeirah standards.
| Detail | Information |
|---|---|
| Developer | Nakheel |
| Location | Palm Jumeirah |
| Unit Types | Apartments |
| Starting Price | AED 2 Million |
| Payment Plan | 60/40 |
| Handover | Q4 2026 |
| Expected Rental Yield | 5–6.5% per annum |
| Expected ROI | 15–20% capital appreciation |
| Key Amenities | Panoramic sea views, beach access, pools, retail, Palm Jumeirah monorail connectivity |
| Golden Visa Eligible | Yes |
8. Cedar at Dubai Creek Harbour — Emaar
Dubai Creek Harbour is frequently cited as one of the best investment spots in the city, and Cedar represents Emaar’s latest offering within this masterplan. The location’s trajectory is underpinned by the upcoming Dubai Creek Tower — set to surpass Burj Khalifa in height — which will anchor an entirely new downtown-scale district over the coming decade.
| Detail | Information |
|---|---|
| Developer | Emaar Properties |
| Location | Dubai Creek Harbour |
| Unit Types | Waterfront apartments |
| Starting Price | AED 3.18 Million |
| Payment Plan | 80/20 |
| Handover | Q3 2026 |
| Expected Rental Yield | 5.5–7% per annum |
| Expected ROI | 20–25% long-term appreciation |
| Key Amenities | Creek Marina, waterfront promenade, parks, retail, proximity to upcoming Dubai Creek Tower |
| Golden Visa Eligible | Yes |
9. Solaya by Meraas — La Mer, Jumeirah
Solaya is a boutique beachfront community developed by Meraas along the La Mer shoreline in Jumeirah. It was designed by Foster + Partners — one of the world’s most respected architectural practices — with interiors by 1508 London. The project spans roughly 40 acres with 500 metres of private shoreline and offers 234 residences across nine low-rise buildings.
| Detail | Information |
|---|---|
| Developer | Meraas |
| Location | La Mer, Jumeirah |
| Architect | Foster + Partners |
| Unit Types | 2–5 bedroom apartments, penthouses, duplexes, garden homes |
| Starting Price | AED 8.8 Million |
| Payment Plan | 70/30 |
| Handover | Q4 2026 |
| Expected Rental Yield | 4.5–5.5% per annum |
| Expected ROI | 15–20% capital appreciation |
| Community Size | ~40 acres with 500m private shoreline |
| Key Amenities | Private beach, swimming pools, curated wellness, five-star hotel proximity, marina facilities |
| Golden Visa Eligible | Yes |
Payment Plan Structures Across 2026 Off Plan Projects
One of the most powerful draws of the latest off plan projects in Dubai 2026 is how developer payment plans have evolved. These structures are now genuinely investor-friendly, allowing buyers to spread capital outlay across multiple years while the property appreciates underneath them.
| Payment Plan Type | Structure | Best For |
|---|---|---|
| Standard | 10% deposit + 80% during construction + 10% on handover | First-time buyers, structured investors |
| 60/40 | 60% during construction + 40% on handover | Mid-range investors |
| 70/30 | 70% during construction + 30% on handover | Buyers planning to sell pre-handover |
| 80/20 | 80% during construction + 20% on handover | Long-term investors, end-users |
| Post-Handover | 60% during construction + 40% over 2–3 years post-handover | Cash-flow focused investors |
| Emaar/DAMAC Quarterly | First 50% spread across 24 quarterly instalments | Long-term structured investors |
Best Locations for Off Plan Investment in Dubai 2026
Dubai is vast, and not every location performs equally. The city’s most active growth corridors for 2026 are clearly identifiable, and understanding them is essential before committing capital.
Dubai Creek Harbour continues to attract serious long-term attention because of the Dubai Creek Tower project, which will transform the area into a second downtown. Prices in Creek Harbour have remained stable even as the broader market has moved, suggesting that appreciation is still in the early chapters. For anyone working with a Real Estate Management Dubai advisor, Creek Harbour is consistently mentioned as a top recommendation for medium-to-long-term positioning.
Dubai Hills Estate is a green, golf-front masterplan that already has a functioning mall, international schools, and a medical centre. It appeals to families as much as investors, and properties there tend to sell and rent with consistent speed.
Emaar South and Expo City are the frontier destinations of 2026. With Al Maktoum International Airport expanding to eventually become the world’s largest airport by capacity, the surrounding district is undergoing a transformation that property investors have not seen in Dubai since the early days of Dubai Marina.
DAMAC Lagoons, in Dubailand, offers resort-style living at price points that remain accessible compared to waterfront properties on Palm Jumeirah or Jumeirah. It is a family-friendly community with strong rental demand driven by lifestyle quality.
Palm Jumeirah and Dubai Islands anchor the premium end. Both are irreplaceable locations with a scarcity premium built into them that supports values over market cycles.
| Location | Best For | Avg. Starting Price | Expected 5-Year Growth |
|---|---|---|---|
| Dubai Creek Harbour | Long-term capital growth | AED 1.2M | 30–40% |
| Dubai Hills Estate | Families, steady rental yield | AED 1.57M | 20–28% |
| Emaar South / Expo City | Infrastructure-driven appreciation | AED 800K | 35–50% |
| DAMAC Lagoons | Lifestyle + family investment | AED 1.7M | 25–35% |
| Palm Jumeirah | Luxury, trophy asset | AED 2M+ | 15–25% |
| Dubai Islands | Waterfront, tourism-linked | AED 2.7M+ | 30–40% |
| MBR City / Sobha Hartland II | Quality-led, mid-to-luxury | AED 1.3M | 20–30% |
Off Plan vs Ready Properties: What Makes More Sense in 2026?
The debate between off-plan and ready properties comes down to your investment horizon and risk appetite. Off-plan properties in Dubai give you a lower entry price, a staged payment schedule, and the opportunity to sell before handover if you secure an early-bird price and the market moves in your favour. Ready properties give you immediate rental income and zero construction risk.
In 2026, the off-plan case is particularly strong because over 70% of Dubai transactions are happening in this segment — meaning there is healthy secondary market liquidity even before handover. Developers are also competing aggressively on payment plans, creating genuinely favourable terms that were not available even three years ago.
For buyers considering Property For Rent In Dubai in the short term while waiting for their off-plan unit to complete, this dual-strategy approach has become increasingly common — particularly among investors who are relocating to Dubai and need immediate housing while their purchased asset appreciates.
ROI Comparison: Top Off Plan Projects in Dubai 2026
| Project | Developer | Location | Starting Price (AED) | Expected Rental Yield | Capital Appreciation Potential | Handover |
|---|---|---|---|---|---|---|
| Greencrest | Emaar | Dubai Hills Estate | 1.57M | 5.5–6.5% | 15–20% | 2027–2028 |
| DAMAC Lagoons Morocco | DAMAC | Dubailand | 2.85M | 6–8% | 20–25% | Q4 2026 |
| Golf Vale | Emaar | Emaar South | 3.15M | 5–6.5% | 20–30% | 2027–2028 |
| Vision Iconic | Binghatti | Meydan | 1.2M | 7–9% | 15–20% | Q2 2026 |
| Armani Beach Residences | Arada | Palm Jumeirah | 21.5M | 4–5% | 15–18% | Q4 2026 |
| Sobha Hartland II | Sobha Realty | MBR City | 1.3M | 5–7% | 18–22% | Q1 2029 |
| Palm Beach Towers | Nakheel | Palm Jumeirah | 2M | 5–6.5% | 15–20% | Q4 2026 |
| Cedar Creek Harbour | Emaar | Dubai Creek Harbour | 3.18M | 5.5–7% | 20–25% | Q3 2026 |
| Solaya | Meraas | La Mer, Jumeirah | 8.8M | 4.5–5.5% | 15–20% | Q4 2026 |
Dubai Real Estate Market Snapshot: 2026 Context
The macro picture supporting these investments is genuinely strong. Dubai property sales hit AED 153.7 billion in just Q2 2025 alone — a 44.5% increase year on year. Dubai’s population is projected to surpass 4 million residents by 2026, and the city’s non-oil economic growth continues to attract skilled professionals from across the globe.
Industry experts at Metropolitan Premium Properties have projected that off-plan sales volumes will rise a further 10–15% in 2026, driven specifically by new project launches in Dubai South, Dubai Islands, and expanded master communities from Emaar and DAMAC. In 2024, around 145,000 new off-plan units came to market — an average of 400 per day — and 2026 is expected to match or exceed that pace.
The regulatory environment has matured significantly since the pre-2008 era. RERA (the Real Estate Regulatory Agency) now requires developers to maintain escrow accounts for each project, ensuring that buyer funds are protected and can only be used for the specific development they were collected for. This structural safeguard, combined with the mandatory registration of all off-plan contracts with the Dubai Land Department, gives investors a degree of legal certainty that is rare among comparable global markets.
Tips for Buying Off Plan in Dubai in 2026
Buying off-plan rewards research and patience. Here are the most important principles that experienced investors apply when navigating the latest off plan projects in Dubai.
Always verify RERA registration before committing to any project. A registered project has a dedicated escrow account and a legal framework that protects your investment if construction is delayed or the developer encounters difficulties.
Focus on developer track record above all else. Names like Emaar, DAMAC, Sobha, and Nakheel have delivered tens of thousands of units and built entire communities. They have the financial muscle and the reputation to see a project through.
Choose location based on your exit strategy. If you plan to rent the property, prioritise areas with high occupancy rates and strong tenant demand. If you are buying for capital gain, look at infrastructure pipelines — areas near future metro lines, airports, or major commercial developments tend to outperform over five to ten years.
Understand the payment plan in detail. Read every clause, especially around what happens if construction is delayed, and confirm the handover date is registered with RERA. A good real estate advisor should walk you through all of this before you sign anything.
Frequently Asked Questions About Off Plan Projects in Dubai 2026
What are the latest off plan projects in Dubai in 2026?
The most prominent launches include Greencrest and Golf Vale by Emaar, DAMAC Lagoons Morocco cluster, Vision Iconic by Binghatti in Meydan, Cedar at Dubai Creek Harbour, Armani Beach Residences by Arada, Sobha Hartland II, Palm Beach Towers by Nakheel, and Solaya by Meraas at La Mer. Each project covers a different location, price point, and lifestyle category to suit a wide range of buyers and investors.
How much do off plan apartments in Dubai cost in 2026?
Entry-level apartments in mid-market communities like Dubai Studio City or Dubailand start from around AED 800,000 to AED 1.2 million. In prime locations such as Dubai Hills Estate, Dubai Marina, or Downtown Dubai, you should budget AED 1.3 to AED 2.5 million for a one- or two-bedroom unit. Ultra-luxury branded residences on Palm Jumeirah start above AED 20 million.
What is the typical payment plan for off plan properties in Dubai?
The most common structure is a 10% booking deposit followed by staged payments during construction, with the balance due on handover. Specific ratios vary — 60/40, 70/30, and 80/20 are all standard. Some developers also offer post-handover payment plans where 30–40% is payable over two to three years after you receive the keys.
Can foreigners buy off plan property in Dubai?
Yes. Dubai’s freehold zones allow foreign nationals to purchase, own, and sell property with full ownership rights. No UAE residency is required to purchase, and the Dubai Land Department registers all transactions, providing strong legal protections for international buyers.
Is 2026 a good time to invest in off plan property in Dubai?
Based on current market data, yes. Off-plan sales dominate over 70% of Dubai’s total real estate transactions. Dubai’s population is growing steadily, rental demand is strong, and developers are launching projects at competitive entry prices. The combination of flexible payment plans, potential capital appreciation, and UAE Golden Visa eligibility makes 2026 a compelling year to enter the market.
How do I qualify for the UAE Golden Visa through property investment?
You need a minimum investment of AED 2 million based on the Dubai Land Department’s official valuation. Both ready and approved off-plan properties qualify. Mortgaged properties are now eligible — you can finance up to 50% through a UAE bank. Off-plan buyers can qualify from the date the contract is signed, provided the purchase meets the AED 2 million threshold.
What is the expected ROI on off plan properties in Dubai 2026?
Average gross rental yields in Dubai sit between 5% and 9% depending on location and property type. Capital appreciation over a typical off-plan cycle (2–4 years from purchase to handover) has historically ranged from 15% to 30% in well-selected communities. Areas with significant infrastructure development, such as Emaar South and Dubai Creek Harbour, have the potential for higher returns over a five to ten-year horizon.
Which areas of Dubai offer the best off plan investment in 2026?
Dubai Creek Harbour, Dubai Hills Estate, Emaar South, DAMAC Lagoons, and MBR City/Sobha Hartland II are consistently cited as the top investment corridors for 2026. For luxury buyers, Palm Jumeirah and Dubai Islands offer trophy addresses with strong long-term value retention.
What protections exist for buyers of off plan property in Dubai?
The Real Estate Regulatory Agency (RERA) requires developers to hold all buyer funds in a dedicated escrow account that can only be drawn upon as construction milestones are verified. All off-plan contracts must be registered with the Dubai Land Department. These regulatory requirements have significantly reduced the risks that affected the market in earlier cycles.