The off-plan property market in Dubai has always enjoyed the more significant chunk of investments. With the passing years, global investors have found off-plan projects more feasible as they unlock lucrative returns with instalment payment schedules. This UAE real estate market segment, where hundreds of off-plan properties are under construction, has already generated a double-digit rate this year. Here’s your answer for all the savvy investors looking keenly at Off-Plan Property Investment 2024. Experts revealed the best investment opportunities to buy for safe & sound returns. Let’s check it out.
3 best projects in the off-plan property market of 2024
Here’s the list of off-plan projects that have been declared as best to invest in by Dubai property market experts
1- Burj Binghatti Jacob & Co Residences
The Burj Binghatti Jacob & Co. Residences is poised to transform Dubai’s skyline and create new real estate standards in the off-plan property market. This legendary collaboration between Emirati developer Binghatti and the famous jewellery label Jacob & Co. guarantees unrivalled elegance and sophistication. Based on 112 floors, the hyper-tower proudly features world-class amenities and spectacular city views, providing an unparalleled living experience. Its elegant style and spacious accommodations, such as the sumptuous Sapphire and Emerald accommodations, appeal to the most discerning guests.
Approximately 50% of the off-plan project was sold out within nine months of its inception demonstrates its global appeal and desirability. The development’s motto, “Inspired by the Impossible,” emphasizes its desire to become the world’s tallest residential tower. As development continues quickly, investing in this off-planoff-plan project for sale in Dubai Burj Binghatti Jacob & Co. Residences provides an unmatched opportunity to own a piece of architectural history while indulging in Dubai’s pinnacle of urban luxury.
2- Palm Jebel Ali
Palm Jebel Ali stands out as an unrivalled off-plan project in the UAE for prospective buyers, set to reinvent luxury living on a grand scale. With Nakheel as the master developer, known for its success with Palm Jumeirah, this enormous off-plan property promises an unparalleled lifestyle. Palm Jebel Ali will be double the size of its renowned predecessor, with a painstakingly planned landscape of seventeen fronds and a roughly four-mile-long trunk, complemented by a 12-mile crescent to guard against severe waves.
With over 80 hotels, resorts, homes, and world-class attractions, including leisure parks, beaches, retail malls, and iconic hotels, it provides an unrivalled combination of richness and convenience. With a green focus and 30% of its public facilities powered by renewable energy, the project promotes sustainability and elegance. Expressions of interest are currently open, allowing buyers to own a piece of this groundbreaking property and experience the pinnacle of waterfront living in Dubai.
3- Dubai Creek Harbour
Dubai Creek Harbour stands out as an exceptional off-plan investment opportunity, providing a futuristic blend of modern living and unrivalled amenities. Developed by Dubai Holding and Emaar Properties, this waterfront off-plan gem will feature the future Dubai Square Mall, which will span 2.6 million square feet and revolutionize retail with its drive-through concept. It boasts 10,000 residential units, over 1,500 hotel rooms, and a thriving shopping sector, promising an urban lifestyle. Residents benefit from magnificent waterfront views and access to a vibrant ecology because they live near the Ras Al Khor Wildlife Sanctuary.
The landmark Dubai Creek Tower, planned to be the world’s tallest skyscraper, adds to the area’s attractiveness. Dubai Creek Harbour provides a city within a city, with a master plan that includes nine unique neighbourhoods, each catering to specific needs. As demand grows and development continues, investment in this ambitious project promises significant rewards and a luxurious lifestyle in the heart of Dubai.
7 Tips to Buy Off-Plan Property Safely
- Have expert analysis of potential and risk associated with off-plan projects
- Always go for prime locations where developing neighbourhoods are planned already.
- Look for contingencies in the developer’s development.
- Also, check for the portfolio & delivery of projects by developer
- Get familiar with your rights about compensation regarding late construction or any other delays
- Prepare backup plans for changes in lending requirements or personal circumstances.
- Hire a qualified solicitor to evaluate and protect your contract.
- Ask the developer if selling before completion is permitted.
- Regularly monitor development progress, either directly or with competent representatives.
