Dubai market evidence
Off-Plan vs Ready Property in Island 2
How off-plan and ready (existing) prices compare inside Island 2 in the historical DLD transaction record — and how that gap differs from Dubai as a whole.
Island 2 — the numbers
Off-plan median
27,839 AED/sqm
24% of sampled sales
Ready (existing) median
38,860 AED/sqm
76% of sampled sales
Off-plan vs ready
-28%
Dubai overall: +65%
Sampled transactions
251
What the Island 2 gap means
Across 251 sampled sales in Island 2, off-plan carries a median of 27,839 AED/sqm against 38,860 AED/sqm for ready stock — an off-plan median roughly 28% below ready units. Citywide the same comparison sits at +65%, so Island 2 runs 93 percentage points narrower than Dubai overall.
Comparing within a single area removes most of the location mix effect that distorts the citywide figure, but not all of it: off-plan launches inside Island 2 may still skew toward newer towers or larger layouts than the resale stock they are measured against. Narrow further by unit type before treating this as a like-for-like premium.
Off-plan (24% of sampled transactions here) is bought from a developer before or during construction, typically on a payment plan, carrying handover and delivery risk. Ready property (76%) is an existing unit that can be inspected and let immediately.
This is sales transaction evidence only and ends 2023-03-17. It is market reference, not valuation or investment advice.