New off-plan property projects in Dubai are becoming the trending topic nowadays. It’s no wonder that Dubai offers an ideal combination of being a booming economic hub, diverse culture, and a luxurious lifestyle. The city has something valuable to offer everybody, whether a visitor or a citizen. Off-plan properties are those properties under construction booked for purchase or sale before being finished. Various developers across Dubai are building off-plan properties full of amenities and providing spectacular views of UAE beaches and scenery to the general masses.
If you wish to Invest in property in Dubai, off-plan projects Dubai are a popular solution due to their multiple benefits. But the risk factor also lies there.
Payment Details for Off-Plan Property Projects
Off-plan properties usually involve complete payment spread across several years, about 5 to 7 years, or even 20-plus years. With a small upfront payment, you can book an off-plan property in the shape of an apartment, townhouse, or villa. It can be 5 to 20% of the total property amount. But keep in mind this initial deposit value may vary from developer to developer, depending upon the project.
How to Look for the Perfect Off-Plan Property?
Selecting the perfect off-plan property can feel daunting in respect of many available options. Look for these features while going for a project:
- Go for property in the prime location of Dubai.
- Select a property whose demand will always remain high, like with tourists, as many visit Dubai yearly.
- Assess the property’s future potential as Dubai constantly changes, being a dynamic city.
Let’s observe the benefits and risks of investing in off-plan properties in Dubai.
Benefits of Off-Plan Property Investment
- A lower up-front initial deposit gives an excellent opportunity to save money over the years for gradual payment.
- While buying a property by looking at its plan or estimated market value, you get more options in off-plan properties than readymade ones. In turn, there are more chances of greater Return on Investment (ROI).
- Purchasing an off-plan property at a low rate generates profits when the property gets sold or rented as the property value is expected to rise with time till the actual completion of the project.
Risks of Off-Plan Property Investment
Any change in circumstances can create loss regarding off-plan property transactions. It can be a change in;
- Personal circumstances.
- Banking policies
- Estimated or projected market value
- National security or political status.
New Off-Plan Property Projects in Dubai
The best places to buy property in Dubai 2021 mostly gravitate toward off-plan properties. These off-plan properties include townhouses/villas and apartments for either personal or commercial purposes. A range of best off-plan projects in Dubai is available, catered by leading real estate developers and construction giants. Some like Emaar are not limited to one type of off-plan property and build luxury apartments and villas with breathtaking views. Let’s look for the top 8 off-plan property projects in Dubai for 2022 by skimming through the top trending developers in Dubai and UAE.
I. Emaar
(Villas/Townhouses/Apartments)
The name of Emaar resonates globally with the architecture of the highest quality, promising luxuriant living standards, and community projects. Emaar Properties is also famous for on-time project delivery and is considered one of the best real estate developers.
- Established in 1997, it has branched itself in various categories like residential, hospitality, retail, and leisure.
- As a ‘pioneer for master-planned communities, Emaar properties has made several mega real estate projects in Dubai and the UAE in other countries like Egypt, Turkey, Pakistan, and India.
- By building the world’s tallest tower, “Burj Khalifa,” Emaar laid its mark worldwide in terms of fame.
- Emaar has won multiple awards, such as the GUINNESS WORLD RECORDS™ 2021, for the world’s tallest infinity pool (Address beach resort).
Off-plan Properties
The list of Emaar off-plan properties in Dubai alone is extensive. Some notable Emaar’s off-plan projects in Dubai are as follows:
- Dubai Hills Estate
- Lime Gardens
- Emaar South
- Arabian Ranches III
- The Valley and many more
Amenities
The amenities provided by Emaar properties vary from project to project. Still, they are an extensive bundle, ranging from basic facilities to luxuriant community resources.
- A golf course at Dubai Hills Estate of 18 holes provides ample play opportunities.
- Dessert-themed villas of Arabian Ranches are trending because of their luxurious construction and proximity to a tourist hub, the Global Village.
- Emaar Beachfront lets you enjoy the breathtaking Dubai beaches with its collection of premium-quality villas and apartments.
- Community facilities in an Emaar property may include swimming pools, outdoor and indoor play areas, a recreation room, a gymnasium, BBQ facilities, and a mosque.
II. DAMAC
(Townhouses/Villas)
Regarding the luxury real estate market, DAMAC Properties has been making waves in UAE since 2002, dealing with all kinds of property; residential, commercial, and leisure.
- Top-of-the-line stylish off-plan properties are the hallmark of DAMAC developers.
- The award-winning giant has built thousands of residential units in UAE alone
Off-Plan Properties
- DAMAC Lagoons
- Beverly Hills Drive
- Silver Springs at DAMAC Hills
- Bel Air, the Trump Estate, and many more.
Amenities
The generally standard amenities include:
- Lush green park views
- Gyms
- Swimming pools
- Retail outlets, etc.
III. Nakheel
(Townhouses/Villas)
With iconic urban infrastructures like the incredible Palm Jumeirah and The World in its portfolio, Nakheel Properties is a world-renowned construction company with a headquarters in Dubai.
- Nakheel added about 300 kilometers to the original 70 kilometers of Dubai coastline with its extensive waterfront projects. This has created a golden opportunity for further real estate development.
- Nakheel has made Dubai a city full of wonders with its multiple unique projects like the Jumeirah Islands, Jumeirah Park, Jumeirah Village, etc.
Off-Plan Properties
New off-plan property projects in Dubai by Nakheel include:
- Jumeirah Park Homes
- Tilal Al Furjan Villas
- Jabel Ali Village
- Jumeira Park Villa Plot and more
Amenities
- Lush green parks in the surroundings
- Community club for the residents
- Health and wellness facilities like swimming pools, a gym, basketball and tennis courts, and a jogging track are also available to the residents within their developments and more.
IV. Majid Al Futtaim
(Townhouses/Villas)
The Majid Al Futtaim group has built many leisure, commercial and residential properties. The highest credit rating in the region’s real estate companies makes this developer the most trusted one.
- An interesting fact is that Majid Al Futtaim company holds exclusive rights to the Carrefour franchise in more than 30 markets globally.
Off-Plan Properties
Tilal Al Ghaf is a residential community in Dubai containing sub-communities. It hosts a water lagoon with lush green parks and white sands. You also get cycling and walking trails here. It includes various further townhouses/villas projects such as:
- Harmony
- Aura
- Elan
- Alaya Beach
Amenities
- Private Beach Access
- Infinity Edge Swimming Pool
- Miami-Styled Pool Deck
- Tropical Gardens
- Spacious Cabanas, etc.
V. Binghatti
(Apartments)
Binghatti developers are a real estate name synonymous with multiple commercial and residential complexes across Dubai and UAE, which you can purchase at affordable prices. For the best off-plan projects in Dubai, Binghatti apartments are best for you.
- Ultramodern architecture and affordable prices mark a Binghatti-constructed apartment complex.
- They have built about 40 mega projects and 17 iconic ones in Dubai alone, making them the trending real estate developer in Dubai.
- Binghatti developers offer state-of-the-art apartments in areas of Dubai that are much sought after in terms of property value.
Off-Plan Properties
There exists a very extensive list of Binghatti off-plan apartment projects. Some of these include:
- Binghatti Luna
- Binghatti Heights Residencies
- Binghatti Jasmine
- Binghatti Gems Apartments
- Binghatti Stars in Dubai Silicon Oasis and many more.
Amenities
Each Binghatti complex comes with its own set of luxurious amenities. Some common ones are:
- Parking facility
- Elevators usage
- Round-the-clock security
- Fully equipped gym and fitness facilities
- Play area for children and many more.
VI. Ellington
(Apartments)
Ellington properties developer was founded in 2014 and has already left its mark in the shape of exceptional architectural projects spanning Dubai city.
- Compelling designs and meticulous finishes are the elements present in every Ellington project.
Off-Plan Properties
- Eaton Place
- DT1 Luxury Apartments
- Wilton Terraces
- Ellington Beach House Apartments
- Belgravia and more
Amenities
- Indoor and outdoor fitness center
- Gardens
- Games Area
- Dining Area, etc.
VII. Sobha
(Apartments/ villas)
If you are looking for new property projects in Dubai, Sobha Group is the right choice, with 45 years of real estate experience behind them.
- Sobha Hartland, a master development by Sobha Dubai, is a precious jewel in the heart of Dubai.
- Sobha Dubai has won multiple international awards for its high-quality real estate services.
Off-Plan Properties
- Hartland Heights
- Creek Vista Heights Apartments
- Sobha Creek Vistas Grande and more
Amenities
- Healthcare centers
- 2 international schools
- Hartland Mall
- Restaurants and cafes
- Barbecue areas, etc.
VIII. Meraas
(Apartments)
Meraas is pioneering several spectacular real estate projects around Dubai. Each project is unique in its own right. If you wish to invest in property in Dubai, Meraas projects are the perfect ones.
- City Walk Dubai and Nikki Beach and Resort Spa are the landmark constructions of Meraas in Dubai that make it a famous brand.
Off-Plan Properties
- Myrtle Apartments
- La Ciel Apartments
- Laural Central Park Apartments
- La Voile Apartments and more.
Amenities
- Beach Access
- Cycling and jogging Trails
- Hospitals and schools/ educational institutes nearby
- Kids Play Area
- Outdoor Pool, etc.
End Note
For buying new off-plan property projects in Dubai, the top 8 property developers in Dubai come in handy for making a successful real estate investment in off-plan properties.
