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Top 10 Off-Plan Projects in Dubai to Invest in 2024

Posted by Kelt&corealty on May 27, 2024
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Indeed, Dubai is a prime living destination. Its living ambiance, cutting-edge designs, fascinating skyscrapers and iconic skyline, all facets raise its captivation and make it an attractive destination for real estate investment. The ever-changing dynamics of Dubai’s real estate sector and especially off-plan developments in Dubai incite investors’ interest. 

The Concept Of Off-Plan Property In Dubai:

Off-plan property investment involves the purchase of a property that is under construction or yet to be completed. The off-plan term is used for properties that are in the early stage of development. Over the past few years, investors’ interest has grown significantly in off-plan properties because of value appreciation upon completion, high ROI, competitive pricing and flexible payment plans.

Savvy investors now take a keen interest in off-plan developments in Dubai to earn quick returns, generate passive income and diversify their real estate portfolio. Dubai offers a plethora of off-plan real estate investment options. In this blog, we will discuss the top 10 off-plan projects in Dubai to invest in 2024.

Top 10 Off-Plan Projects In Dubai To Invest In 2024:

Off-plan developments in Dubai, UAE are worth considering for real estate investment options for people who seek high returns and luxurious living spaces. Under-construction properties extend excellent value as the prices of these properties increase upon completion. 

Here Are Some Promising Projects To Consider For your Real Estate Investment In Dubai

Six Senses Residences, Palm Jumeirah, Dubai

Located within the west crescent of Palm Jumeirah, Six Senses Residence is a project of Select Group that features 2,3 and 4-bedroom penthouses and 5 and 6-bedroom villas. A 5% downpayment is required to invest and the starting price is AED 2,477,888. This project intends to offer high-end facilities and amenities such as Jacuzzi, swimming pools, kids’ play areas, gymnasiums, etc. 

Six Senses by Select Group offers exclusive wellness and ultra-luxury lifestyle. This development is located at a convenient location and is easily accessible from other areas of Dubai. Within 20 to 30 minutes, Dubai Marina, Business Bay, Dubai International Airport and Downtown Dubai can be accessed from this project.

Divine Living, Arjan, Dubai

Divine Living by Takmeel Development is located at Arjan. This development features 118 units of 1,2 and 3-bedroom apartments. This real estate project aims to redefine the essence of luxury and deluxe living. The payment plan is also captivating. You can book your unit with just a 15% down payment. 35% payment is to be paid during the construction phase and the remaining 50% dues are to be paid upon the handover of the property. It is laced with exclusive facilities and amenities to uplift the living standard of residents and enable them to experience the epitome of luxury.

best off plan properties in dubai

Along with a feasible payment and installment plan and an easy booking process, the location of this project is quite significant. Palm Jumeirah is 16 minutes away, Dubai Mall and Burj Al Arab are 21 minutes away from this project. Dubai International Airport and Al Maktoum International Airport are also a few minutes away from this project.

Sobha Verde At Jumeirah Lake Towers, Dubai

Sobha Group is developing Sobha Verde at Jumeirah Lake Towers which features 1,2 and 3-bedroom apartments laced with top-notch amenities and exclusive facilities. This development aims to offer a luxurious yet peaceful lifestyle to its residents. People who intend to earn the best returns on investment in Dubai should consider this new off-plan project in Dubai which is known because of its prime location, easy accessibility, and attractive payment plan. Endless leisure and advanced facilities make it a worth living project. Its eclectic neighborhood and premium facilities add to the fascination of this project.

Samana Waves At Jumeirah Village Circle, Dubai

Samana Developers comes with this landmark project called Samane Waves that features studios, and 1 and 2-bedroom apartments. This wonderful off-plan project is located at Jumeirah Village Circle. Its prime location and excellent connectivity, well-crafted interiors of units and the state of the art facilities offer an unparalleled living experience. Also, its payment plan is quite feasible, making it easier to invest in this project. It is deemed as an exciting investment opportunity because of its potential to generate high ROI.

Binghatti Nova At JVC

Binghatti Nova at Jumeirah Village Circle is an off-plan project of Binghatti Developers that offers 1 and 2-bedroom spacious apartments. It is a 15-story building that will offer an exclusive lifestyle. From swimming pools to kids’ play areas to cafes and restaurants, everything is available there in its surroundings. Indeed, this development intends to extend a deluxe lifestyle because everything here is just awesome. Its living ambiance, available facilities and amenities and payment plan, every facet increases its value.

Damac Riverside Villas & Townhouses

Damac Properties-a premium real estate development company- is developing Damac Riverside. It is a premium collection of 4 and 5-bedroom villas and townhouses. Here, residents will experience the amalgamation of nature with luxury. It is a waterfront project that delivers a quality lifestyle and allows people to live a desired and sophisticated lifestyle within their financial means. Stunning views, modern facilities, a prime location and a favorable payment plan create a sanctuary where residents want to live.

Athlon By Aldar Properties

With 3 and 4-bedroom townhouses and 3 to 6-bedroom villas, Athlon by Aldar Properties presents a modern living ambiance. It is a purposefully designed project that extends an active lifestyle and sets new standards for sustainable urban living. The availability of premium facilities and living ambiance promote the overall wellness of presidents and create a sense of engagement and community development. This eco-friendly and sustainable development is a futuristic project that attracts nature enthusiasts. Additionally, investment here brings about multifaceted advantages such as high ROI.

Mag Marriott Residences At Al Barsha South, Dubai

Mag Properties develops this ultra-modern project called Marriott Executive Residences that features 1 to 3-bedroom apartments, penthouses and townhouses. This stunning project is located in an awesome locality that makes commuting quite easy and feasible. Residents here can also enjoy the scenic views of Burj Khalifa and Burj Al Arab. The payment plan here is also quite convenient with a low upfront cost. World-class amenities and facilities and prevailing elegance make it a worthy choice for real estate investment in Dubai.  

Skyz Residence At Arjan, Dubailand

Danube Properties is developing Skys Residence at Arjan, Dubailand, Dubai. It is a 36-story development that is considered one of the best off-plan projects in Dubai because of its magnificent infrastructure, pristine design, high-end facilities and economical payment plan. This project features studios, and 1 and 2-bedroom apartments and intends to offer a comfortable and convenient lifestyle. There is no issue related to connectivity and also it offers the perk of a centric destination. The development standards and modern luxuries cater to the needs and requirements of residents.

Palace Residences

Emaar Properties is set to develop Palace Residences in the heart of Dubai Harbour. This development features 1,2,3 and 4-bedroom apartments and also allows residents to enjoy the vistas of the Arabian Gulf. It is an investment-friendly off-plan project that offers a lavish beachfront lifestyle to its residents.  Advanced facilities and beautifully designed gardens, fitness center and swimming pools create a perfect blend of seaside living and urban sophistication. e

Here Are Some Benefits Of Investing In Off-Plan Properties In Dubai:

  • The prices of off-plan properties in Dubai are quite lower than that of completed properties
  • Investors can customize under-construction properties based on their interests this is not possible in the case of ready-to-move-in properties
  • This sort of investment offers high ROI because the value of a project increases upon the completion of the project
  • Normally, the payment plans for off-plan properties are attractive and flexible, making real estate investment quite easy
  • New projects generally offer a modern lifestyle because developers strive to make every luxury available to attract investors
  • Newly developed projects also produce high rental yields because of the availability of modern features
  • Investors can also enjoy additional incentives such as waived service charges or free property management services

Do Not Ignore The Following Considerations Before Investing In an Off-Plan Project:

  • Thoroughly examine the track record of a developer and research the reputation of a developer
  • Evaluate the location and locational advantages of an off-plan property before investing
  • Thoroughly review all associated aspects and analyze documents such as payment plan, terms and conditions and contract form
  • Learn about market propensity and find out the interests of investors to understand supply-demand dynamics
  • Do not ever ignore your financial standing and make a decision based on your resources

The Bottom Line:

Under-construction properties or properties that are yet to be completed are called off-plan properties. Dubai has seen a significant surge in the sale of off-plan properties because it involves less upfront cost, attractive and flexible payment plans and potential for capital appreciation. Skyz Residences at Arjan, Dubailand, Palace Residences by Emaar, Athlon by Aldar Properties, Samana Waves at Jumeirah Village Circle, Divine Living at Arjan and Sobha Verde at Jumeirah Lake Towers are a few top off-plan projects in Dubai to invest in 2024.

Make Your Off-Plan Investment In Dubai Hassle-Free:

Kelt & Co Realty is a real estate company that offers real estate-related services. This property company aims to meet the ends of its clients by bringing their desired and favorable investment options. If you want to invest in off-plan properties in Dubai then do not miss out on a chance to get the services of our experts. Our trained professionals analyze the specific needs and requirements of clients and find the most suitable ready or off-plan property based on their interests. 

FAQs:

What are the popular areas in Dubai for off-plan investment?

Downtown Dubai, Palm Jumeirah, Business Bay, Dubai Hills Estate, Jumeirah Village Circle, Dubai Creek Harbour and Jumeirah Lake Towers are a few popular areas in Dubai to invest in off-plan properties and generate high ROI through value appreciation. 

What is the real estate forecast for Dubai in 2024?

The property sector will continue to grow in Dubai in 2024 because of a significant surge in the demand for both residential and commercial real estate. People invest in Dubai’s property sector to diversify their real estate portfolios, produce ROI, take advantage of the rental market and live a splendid lifestyle.

What financial options are available in Dubai for upcoming properties?

Mortgage loans
Equity investment
Joint Ventures
Sharia-compliant mortgages

Is buying off-plan a good idea in Dubai?

Yes. investment in off-plan properties in Dubai is seen as a lucrative option because it offers a plethora of benefits. First of all, the upfront payment is quite low. Secondly, payment plans for under-construction properties are quite attractive and flexible. Thirdly, the value of such projects appreciates significantly upon the completion of development work. 

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