The off-plan market in UAE is enriched with architectural marvels, futuristic developments & higher potential of significant ROI even before its grey structure completion. The flexibility of buying now & paying later has made this market segment of Dubai real estate shine brighter than other strategies for buying property in the UAE. Last year, 2023, the Dubai skyline witnessed 42,583 real estate units registered in the first half of the year. During this time, 5,546 villas were sold at AED 15 billion ($4 billion) and 47,187 units valued at AED 96 billion ($26.1 billion). Here are the areas that have performed most in terms of buying & selling off-plan properties in Dubai
5 Areas to buy off-plan properties in UAE
Here’s the list of top-performing areas when it comes to buying or investing in off-plan properties available for sale in UAE real estate.
- Business Bay
- Downtown Dubai
- RAK
- Arjan
- Jumeirah Village Circle
Business Bay
Business Bay is the centre of business in the whole UAE. It is a well-known community among business magnates, career enthusiasts and prospective investors on a global scale. Since professionals want to reside close to their place of employment, the demand for off-plan properties for sale in Business Bay is rising due to innovation and advancement in various developments. There are 240 high-rise structures in this neighbourhood, including both residential and business spaces. Here are some planned projects currently being worked on at Business Bay Dubai.
- Al Habtoor Tower
- The Opus
- Peninsula One
- Bugatti Residences by Binghatti
Downtown Dubai
Due to its outstanding landmarks, Downtown Dubai is a well-liked neighbourhood for off-plan properties for sale in Dubai. The Burj Khalifa, the world’s tallest structure, is located there. There are also the Dubai Fountain and the Dubai Mall, the biggest retail centres in the city. This prestigious neighbourhood in Dubai is a popular choice for rental homes since it offers a wide range of possibilities to foreigners, ex-pats, and Emirates locals who moved there from other states in the United Arab Emirates. You can savour a delectable dinner at some of Downtown Dubai’s most excellent restaurants. All these aspects make this location most suitable for off-plan property investment. Here are the current off-pan project going on in Downtown Dubai
- Mercedes Benz Places
- City Center Residences
Ras Al Khaimah
One of the seven emirates that comprise the United Arab Emirates (UAE) is Ras Al Khaimah, which is also one of the most sought-after locations for real estate investors due to its rapid growth. The emirate has a variety of real estate available in many areas, including Al Marjan Island, Mina Al Arab, Dafan Al Nakheel, Yasmin Village, and Al Hamra Village. These properties include studios, apartments, houses, and villas.
However, it’s crucial to understand the fees and charges associated with various transactions and approaches and the dangers and uncertainties related to the property before investing in Ras Al Khaimah real estate. The ongoing off-plan projects in RAK are;
- Ellignton Cala Del Mar
- Address Residences by Emaar
- Al Hamrah Waterfront
- Bermuda Villas
Arjan
Arjan is a well-known off-plan real estate investment destination that is highly attractive due to its strong growth potential. Situated amidst the esteemed Dubailand, it features many attractions, such as the well-known Dubai Miracle Garden and Dubai Butterfly Garden, which attract both tourists and investors. Arjan is a recently launched development that offers astute investors a fantastic opportunity, with a substantial section of its 48 buildings already built and another 37 under construction. It is one of Dubailand’s fastest-growing developments, and its quick growth confirms this. This is an excellent option for those looking to make profitable off-plan investments in Dubai’s booming real estate market. Following are the off-plan developments available for sale in Arjan
- Vincitore Dolce
- Vincitore Volare
- Arbor View
Jumeirah Village Circle
In Dubai’s vibrant real estate market,Jumeirah Village Circle (JVC) is an excellent option for buying off-plan properties. Its attractive combination of strategic location and reasonably priced luxury makes it a fantastic investment for purchasers with a forward-thinking mindset. Offering profitable returns on investment, JVC’s long-term worth is enhanced by continuing infrastructural developments. The community-focused design, varied property options, and easy access to essential locations further cement its allure. To take advantage of the way Dubai is developing, investors can secure off-plan projects through JVC, which promises to be a wise and profitable investment in the long run.
- West Wood Grand
- Elitz
- Levanto
Conclusion
Off-plan properties for sale in the UAE are more appealing than ever as we navigate the UAE’s constantly-changing real estate market since they provide access to cutting-edge developments and significant returns on investment. Areas like Business Bay, Downtown Dubai, Ras Al Khaimah, Arjan, and Jumeirah Village Circle are top choices for astute investors. These locations offer luxury, affordability, and advantageous situating and continuous infrastructural improvements. Securing off-plan buildings in these prominent locations provides an unrivalled opportunity to ride the tide of success in the UAE’s burgeoning real estate market as the Dubai skyline continues to evolve.
