Since Dubai established its freehold property market, there has been a consistent flow of premium real estate projects available for potential buyers and investors. The extensive selection of off-plan projects in Dubai can make it difficult to decide where to invest your finances. To assist you in making well-informed investment choices, we have created a list of the ten best off-plan properties in Dubai based on consumer interest on Bayut.
TOP 10 RESIDENTIAL AREAS WITH OFF-PLAN PROPERTY IN DUBAI
The Dubai Government’s transparent and secure guidelines for protecting investors in the primary market have led to an increase in interest in off-plan properties in Dubai. Here are some of the developments that are currently in high demand among users on Bayut.
1. AKOYA OXYGEN
DAMAC Properties’ AKOYA Oxygen was the most searched community for off-plan property purchases in Dubai in 2020. This self-sufficient neighbourhood features a well-designed road network and a plethora of convenient amenities, including dedicated bike paths, making it an attractive option for potential buyers seeking integrated living at an affordable cost. The community boasts its own retail, lifestyle, and recreational spaces, as well as a range of cafes and restaurants to satisfy any palate.
AKOYA Oxygen’s dedication to sustainability and greenery is one of its most noteworthy features. The development prides itself on its lush landscapes, which transport residents away from the high-rise buildings in other parts of the city. The villas for sale in AKOYA Oxygen are constructed with energy-efficient materials and processes to reduce carbon footprint and increase sustainability.
AKOYA Oxygen is renowned for its exceptional off-plan villas for sale in Dubai, with the luxurious Albizia villa community being a particular favourite among investors. DAMAC master-planned the Albizia villa cluster in AKOYA Oxygen, which includes exquisite 3 and 6-bedroom villas starting at AED 760k. The payment plans for Albizia properties require a 14% down payment, with the remainder to be paid in 12 equal 90-day instalments.
2. JUMEIRAH VILLAGE CIRCLE (JVC)
Jumeirah Village Circle, or JVC for short, is rapidly becoming one of Dubai’s most desirable destinations, thanks to its affordable pricing and state-of-the-art amenities. The community’s highlight is The Circle Mall, which will feature international retail brands, restaurants, cafes, a rooftop clubhouse, a cinema, and more. Additionally, several hotels are expected to open soon, bringing with them licensed food and beverage establishments that will enhance the area’s appeal.
JVC is conceptualised as a remarkable city-within-a-city, packed with lifestyle and recreational centres, making it one of the top places to find off-plan apartments in Dubai. There are presently several off-plan projects in the community that investors can consider, including a diverse portfolio of studio, 1, 2, 3, and 4-bedroom apartments in JVC. Apart from the many public amenities provided in JVC, residents can enjoy additional benefits depending on the units they choose, such as maid’s rooms, shared swimming pools, parks, and more.
Investors interested in purchasing off-plan units in the area are most drawn to the flats for sale in Pantheon Elysee. This project offers a stunning selection of studio, 1, 2, and 3-bedroom apartments, with prices ranging from AED 380k to AED 1.8M. You can reserve an apartment in Pantheon Elysee for a down payment of AED 21k, followed by a 10-year 30/70 post-handover payment plan with easy installments.
3. DUBAILAND
Ranked at number three on the list of the top 10 off-plan communities in Dubai is the massive development of Dubailand. Conceived by Dubai Holding, this community is composed of six zones that offer an exceptional blend of residential and entertainment destinations in the city. Spanning an impressive 3 million square feet, Dubailand comprises apartments, villas and commercial spaces.
The self-sufficient community also boasts various schools, restaurants, hospitals, and amusement parks. Residents of Dubailand have access to numerous leisure options, including the IMG Worlds of Adventure theme park and the Dubai Miracle Garden. However, with more exciting attractions set to come, there will be even more options to enjoy.
If you’re interested in investing in best off-plan properties in Dubai, take a look at the charming houses in the Rukan sub-community in Dubailand. These properties are available starting at AED 345k, with a 20% down payment (excluding DLD fee) required. The remaining 80% is payable in two equal parts: 40% via 2-year installments during the construction phase, and 40% in 2-year installments post-handover.
4. DUBAI SOUTH
Dubai South, with an area of over 145 sq.km and soon to be the site for the Expo, is a highly ambitious off-plan project in the Dubai real estate market. The development is divided into six major districts surrounding the new Al Maktoum International Airport. It is a fully integrated city, offering both commercial and residential properties, and is connected by the new metro line Route 2020, making it accessible to other parts of the city. It is also a free zone area that caters to entrepreneurs seeking to relocate to Dubai.
Since this is one of the new residential areas located near the EXPO 2020 site, investors can expect a high ROI for off-plan properties in Dubai South in the near future. One of the best off-plan communities in Dubai South is EMAAR South, which offers a wide range of off-plan apartments, villas, and townhouses for sale. The prices for apartments in EMAAR South start at AED 620k, making it an attractive option for those seeking new affordable property investments in Dubai.
EMAAR South also features some of the top off-plan villas in Dubai, with prices starting from AED 800k for investors looking to buy off-plan villas in the area.
5. DOWNTOWN DUBAI
Downtown Dubai is an iconic location known for its apartments that offer stunning views of the Burj Khalifa or Dubai Fountains. Developed by EMAAR, this neighborhood is recognized globally for its upscale living and prime location, making it a popular choice for those looking to invest best off-plan properties in Dubai.
Additionally, Downtown Dubai is one of the most sought-after locations for off-plan apartments in Dubai.
Downtown Views II is a new tower in the area that has caught the attention of investors looking for off-plan properties in Dubai. The apartments in Downtown Views II are priced at AED 900k and come with attractive post-handover payment plans. Investors can take advantage of a 25/75 post-handover payment plan when purchasing an apartment in Downtown Views II.
6. DUBAI HILLS ESTATE
EMAAR’s Dubai Hills Estate is an exquisite, eco-friendly community that features a breathtaking 2,700-acre golf course in the MBR City master-development, making it a city within a city! Living in Dubai Hills Estate is alluring as it is centrally located yet secluded. Potential tenants and investors are drawn to the development’s extraordinary recreational facilities, family-friendly amenities such as schools, play areas, hospitals, and much more.
The off-plan properties available in Dubai Hills Estate are diverse, with the Golf Place villa community being the most sought-after. This project comprises luxurious 4 to 7-bedroom villas, with prices starting at AED 2.7M and offering a range of payment plans. Buyers can opt for a 55/45 post-completion payment plan spread over two years with easy instalments.
7. BUSINESS BAY
Located in the heart of the city, Business Bay offers the ultimate urban living experience. As the central hub of business activity, it is highly coveted by working professionals seeking off-plan property in Dubai. With its fast-paced lifestyle, towering skyscrapers, and stunning waterfront views, Business Bay is reminiscent of cosmopolitan cities like Manhattan or London. The area is a thriving commercial district, with many leading companies calling it home.
In addition, it boasts an array of lifestyle destinations such as restaurants, gyms, spas, and more. Public transportation is also readily accessible, further enhancing its appeal. The most sought-after off-plan community in Business Bay is Zada Residence, offering apartments starting from AED 600k. Investors can take advantage of a 5-year monthly instalment payment plan with a 25% upfront down payment.
8. MOHAMMED BIN RASHID (MBR) CITY
Mohammed Bin Rashid City is an up and coming community for purchasing off-plan properties in Dubai. It boasts contemporary apartments and luxurious villas, and is being hailed as the ‘New Downtown of Dubai’ due to its modern architecture and world-class residential, commercial, retail and recreational facilities. MBR City is a sprawling development, consisting of several smaller neighborhoods that are backed by some of the city’s top developers including Emaar, Meydan, Sobha and Azizi.
Investors looking to purchase best off-plan properties in Dubai are showing increasing interest in MBR City due to the range of available properties. District 7 in particular garnered high investor interest in 2020 for its luxury off-plan villas and apartments. Off-plan villas in District 7 start at AED 1.6M, while the starting price for off-plan apartments is AED 350k. There are a variety of payment plans available for investors interested in the area.
9. PALM JUMEIRAH
Continuing with our guide to the best off-plan properties in Dubai, Palm Jumeirah is an iconic island development that offers luxurious beachfront properties for sale and rent. It is considered a man-made paradise and is home to some of the most spectacular leisure options, making it a popular destination for tourists.
Palm Jumeirah is also home to amazing hotels, restaurants, and bars that offer a vibrant nightlife scene. Despite some potential downsides, such as traffic, living in Palm Jumeirah is highly sought after due to its world-class amenities and connectivity to the mainland through public transportation.
The most sought-after off-plan properties in Palm Jumeirah are the luxurious apartments in Se7en Residences. These apartments come in studio, 1, 2, and 3-bed configurations, making them perfect for anyone who wants to invest in luxury off-plan properties in Palm Jumeirah.
Se7en Residences properties start at AED 614k, and the developer offers fantastic payment plans to buyers, with deposits as low as 5% on booking. Buyers can also take advantage of a convenient payment plan, with 25% payable through five installments during construction and the remaining 50% payable post-handover in five easy installments.
10. ARABIAN RANCHES 3
Arabian Ranches 3 is a premium community in Dubai that caters to families seeking a modern and convenient lifestyle. With easy access to the Emirates Road, residents can enjoy a serene environment with lush greenery, modern homes, and outdoor amenities. The majority of properties in this new villa community comprise villas and townhouses, ideal for contemporary living.
While still under development, the Ruba sub-community has attracted significant interest from investors seeking Dubai off-plan properties. This off-plan project offers 3 and 4-bed villas and townhouses, with prices starting at AED 1.3M. Investors can secure properties in Ruba with a 5% down payment and can opt for a 70/25 payment plan, with 25% payment post-handover.
In conclusion, Dubai offers a diverse range of best off-plan properties in Dubai for investors and homebuyers looking for modern, luxurious living. The city has a reputation for state-of-the-art architecture and world-class amenities, making it an attractive destination for those looking to invest in off-plan properties.
The areas of Business Bay, Mohammed Bin Rashid City, Palm Jumeirah, and Arabian Ranches 3 offer some of the best off-plan properties in Dubai, each with its unique features and advantages. With flexible payment plans and attractive pricing options, best off-plan properties in Dubai continue to draw the attention of investors from all over the world.
However, it is essential to conduct thorough research and due diligence before making a decision, to ensure that the investment is sound and meets the buyer’s requirements.
