November 07, 2024
In recent years, Dubai's real estate market has seen a drastic boom, and developers have launched many eye-catching projects suiting the modern needs of off-plan projects. The main mission of the off-plan projects in Dubai is to meet the defined standards of luxury living and signify its emerging position as the global centre for modern living. This blog explains why investors are opting for off-plan projects in Dubai and highlights some of the popular off-plan projects that are in demand from both the buyers and the investors.
Why Invest in Off-Plan Projects?
Possibility of Higher Returns: Compared to ready-to-move-in properties, off-plan properties have a higher potential for capital appreciation. One of the major reasons behind Dubai's constant development, these properties will become much more valuable, particularly in desirable areas.
Flexible Payment Plans: Dubai offers reasonably priced off-plan properties to investors. Flexible payment plans are available from many off-plan developers in Dubai, which helps investors better manage their money.
Possibilities for Customisation: Off-plan purchasers occasionally have the option to alter specific elements of their apartments, like the materials and interior finishes. This could raise the property's resale value and give it a more individualised feel.
Access to Developing Neighbourhoods: Off-plan developments frequently offer access to neighbourhoods that are undergoing substantial development. Early investments in these areas can pay off handsomely as the neighbourhood develops and gains appeal.
There are numerous off-plan apartments, townhouses and villas projects that are lined up for the potential investors but here only the top ones have been highlighted for their unique features and popular demand in 2024. Dubai has identified the demand and has provided substantial plans to meet these criteria.
One by Binghatti
One by Binghatti in Business Bay is among the most recent developments presented in June 2024. It offers a variety of apartments, pool villas and royal penthouses and is regarded as one of the most outstanding off plan projects. The project ensures its residents with comfortable living surroundings providing energy-efficient buildings, cutting edge security systems and all AI-driven technologies.
The Oasis
The Oasis, the first off-plan project with villas in Dubai, is a luxurious waterfront location that is only a 20-minute drive from Downtown Dubai. Featuring 7,000 units, this Emaar project will feature villas and mansions designed by well-known architects. The homes in the first phase, Palmiera, range in size from 5,100 to 8,040 square feet and have four or five bedrooms. Residents have access to lakes, jogging paths, water canals, sports facilities, and verdant green areas. There will be a nearly 16 million square foot exclusive retail space with restaurants and lifestyle brands.
Aeternitas
Amidst the hottest new property launches in Dubai for January 2024, the city learnt about its first-ever residential clock tower, which will also be the tallest in the world. The magnificent Aeternitas (named after a Franck Muller watch) will rise to a height of 450 metres and reach 106 floors, making it the tallest clock tower and residential building in the world. It is located in Dubai Marina. The renowned luxury watchmaker Franck Muller and London Gate, a top real estate developer in the United Arab Emirates, partnered to create the iconic Aeternitas Tower.
Athlon
Considering the success of Haven by Aldar, Aldar Properties debuted its second significant residential development in Dubailand in May 2024. Ideally situated close to Global Village, this opulent and lush development blends sports areas with lush walkways and lively parks. The Greek phrase "place of contest" is the source of the name "Athlon." Adventure, Play, Wellness, and Valley are the four carefully planned parks that will be part of the project. In addition, residents will have access to seven clubhouses and more than 10 kilometres of trails, loops, and tracks, including a direct link to the well-known cycling track in Al Qudra.
Greenway at Emaar South
The prestigious Emaar South golf community is well known as a home to the stunning townhouse complex named Greenway2. The residents have special access to community centres, swimming pools and play areas and other amenities people can think of. The gym and running track is also present for people having special attention for fitness and health. An additional feature is the 18- hole championship golf course for golf lovers. The project covers all possible features people could list in their demand.
Bayz 101
The stunning 101-story Bayz 101 by Danube building offers luxurious, fully furnished residences that are sure to wow. The breathtaking interiors are not the only noteworthy aspect of Bayz 101. In order to accommodate all the needs, the tower also provides a number of amenities. Nestled in Business Bay, this building is one of Dubai's new property launches for February 2024. It features a lavish infinity pool for relaxation and 24-hour security for peace of mind. Walk in the green areas around the tower or stay active and healthy at the state-of-the-art gym.
Bay Villas
Bay villas have the escape route that are along the waterfront. These villas are specially designed with creative features that add into the charm of living. The townhouses are also featured with windows from ceiling to bottom to ensure the maximum amount of light with modern design. It is present on the Dubai Islands, this remarkable property was developed by Nakheel and features a variety of first-rate amenities, immaculate beaches, and landscaped surroundings. Residents are creatively given the experience of freshness in beauty, as one of the most exciting off-plan projects in Dubai.
The Heights Country Club & Wellness
Emaar Properties is the developer of the exclusive resort project, The Heights Country Club & Wellness, which is located next to the Grand Polo Club and Resort, which Emaar also announced. The Heights is one of Dubai's newest villa communities, offering residents a remarkable lifestyle centred on peace and well-being thanks to its prime location in the centre of Dubailand. This Emaar development offers modern amenities for modern living and is conveniently close to Al Maktoum International Airport, which is only ten minutes away.
DAMAC Riverside
One of Dubai's newest off-plan developments, DAMAC Riverside, is more than just a group of residential buildings. It is a vibrant, well-connected neighbourhood that provides an unmatched quality of life. This development offers residents a peaceful lifestyle and a sense of exclusivity with 1,900 townhouses grouped in clusters of no more than four units. Its impressive array of amenities, this off-plan project in Dubai is highly anticipated. Modern floating sports facilities, an enthralling floating opera, cutting-edge hydroponic farms, and much more are among them.
Sky Tower
Tiger Sky Tower at Business Bay is a remarkable addition to new property projects in Dubai by Tiger Properties. With a striking golden exterior and 122 floors, this masterpiece seamlessly combines modern architectural excellence and Emirati tradition. The property features serene rooftop gardens, jogging paths, and an elevated infinity pool at 431 metres, delivering stunning panoramic vistas of Dubai.
In conclusion, the off-plan projects are an attractive source of investment in Dubai and many developers have launched projects catering the needs and demands and fulfilling the modern amenities and exquisite designs in architecture.
