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Where to invest in Offplan Pojects in Dubai

Where to invest in Offplan Pojects in Dubai

If you are ready to invest in off-plan properties in Dubai, we will highlight the best options and best areas for you to consider, for an optimum outcome. OffPlan Finder is an informative site aiming to assist prospective buyers with current, accurate project information and offers relating to market trends in Dubai. If you wish to stay up to date with the latest market trends, read our blogs. For sure, it will help you have a thorough estimate of selling prices and emerging districts, for your next investment.

Invest in off-plan properties in Dubai — What to consider

To invest in off-plan properties in Dubai, you need to be well informed. The city has a great supply of high-quality real estate off-plan projects. Furthermore, there are many advantages that the market is currently offering to home buyers who are ready to invest. For instance, many developers launch projects with amazing discounts, payment plans, and small deposit percentage. Some key factors to consider before investing in any off-plan deal: location, location, location.

You can never underestimate the importance of your next property purchase and its location. Location. Because based on that, you can gauge the return on investment and long-term profitability factor. No doubt, the location dictates everything about the property. For example, price, connectivity, accessibility, or amenities. Similarly, there are other major points of consideration. For example, the number of units available, the price, the cash flow, the capital gains, and your exit options, should it come to that.

Best areas to invest in off-plan luxury segment

The luxury off-plan market is more active than ever post Covid 19. Actually, this is the best time to invest in off-plan properties in Dubai. The UAE’s government measures to prevent and combat the pandemic have paved the way for a wave of new investors from all over the world. They find Dubai a safe haven for investment, with an impressive portfolio of outstanding luxury homes, well priced compared to other markets. The high demand in the luxury property segment in Palm Jumeirah or Jumeirah Bay is driving villa prices up by 5% in Q3 of 2021.

Actually, this is according to reports by Knight Frank who also states that properties worth over $10 million have broken sales records with 54 homes sold, compared to 31 in 2015. For instance, prime locations where such luxury properties are selling so far indicate Palm Jumeirah and Dubai Downtown areas are leading the way, with 75% of sales taking place in these districts.

However, the prime market is expanding beyond Downtown, to Business Bay and other areas, as we highlight below.

One Palm Jumeirah

Here you can build a most lavish life you don’t need a vacation from.

Exclusivity is at the core of One Palm Therefore, the collection only features a limited number of three-to-seven-bedroom residences. The building features three parts. Each part allows access to strictly two apartments per floor. There are a total of 94 units altogether, spanning over 25 storeys. The building façade shows a staggered design in form and structure, courtesy of award-winning New York firm SOMA. The form and function come together in perfect sink, to deliver the ultimate statement of sophistication and beauty. You can expect unparalleled sea views, top-class amenities, and features such as personal infinity pools within your home and private elevators leading to your residence. Leather finishes, natural stone, and wood elements complement the Zen-like style and feel of these residences. Prices start at AED 14,000,000

Dubai Hills Vista at Dubai Hills Estate

The luxurious project at Dubai Hills Estate will feature 40 bespoke villas inspired by Automobili Lamborghini. The exclusive, futuristic residences incorporate flowless design and aesthetics, perfectly emulating the innovative Lamborghini brand and its cutting-edge interiors. If residents wish to get even further into the personalized brand’s concept, they can avail of the Lamborghini branded furniture, at additional cost. The six-bedroom villas come with large terraces from where you will enjoy stunning views over the championship Dubai Hills Golf Course and Dubai skyline. Prices start at AED 26,600,000.

IL Primo in Dubai Downtown

Apartments in the 77 storey IL Primo tower reflect an exceptionally refined luxury experience with massive living spaces, overlooking stunning views of Burj Khalifa, The Fountain, and the Downtown skyline. The tower features four and five-bedroom penthouses and six-bedroom duplex penthouses. Sizes range from 5,253 sq. ft to 11,550 sq. ft, covering half or entire floors. Interiors lure you in with great appeal. Furthermore, they are tastefully designed with marble features, sleek wooden elements, and superior finishes. Homes exude a subtle elegance and sophistication, reflecting the choice of global high net-worth homebuyers. Additionally, the project boasts one of the largest unit sizes in Downtown Dubai. The building also features a recreational podium, business lounges, and top-class amenities fit for a bespoke lifestyle. Prices start at AED 17,500,000 for a four-bedroom residence.

Off-plan investment mid-market segment

Port de la Mer La Sirene

The residential community boasts an impressive 2.5 kilometers of pristine beaches and a marina promenade overlooking Palm Jumeirah. Furthermore, a collection of low-rise residences, townhouses, and villas will populate the district with distinctive aesthetics. The community features a spectacular collection of 408 residential apartments comprising one to four bedrooms. However, three to five-bedroom townhouses and penthouses are also available for sale. Port de la Mer features the following sub-communities: Sur la Mer, La Voile, La Rive, and newly added La Sirene.

La Sirene comprises one-to-four-bedroom apartments and six-bedroom duplexes overlooking the sea and yacht marinas. Offering the ideal retreat by the pristine coastal waters, La Sirene comes with easy access to the mainland and trendy Jumeirah 1. Prices start at AED 1, 290,000

June at Arabian Ranches

The latest launch from Emaar, June Villas, is already generating a lot of interest due to the project being the first twin villas with side gardens, developed by Emaar. Arabian Ranches is home to over 40 There will be two phases to the project. June 1 with a total of 183 residences out of which nine are independent villas. Additionally, June 2 will feature 35 homes and only one independent villa. Featuring four- and five-bedroom twin villas, the homes impress right away with a natural feel, spacious gardens, balcony, and rooftop terraces. The four-bedroom homes have one of the best villa layouts in the city.00 homes showcasing flawless design with Arabic and Mediterranean influences. Prices start at AED 3,000,000 for a four-bedroom villa and AED 3,900,000 for a five-bedroom villa.

15th Northside in Business Bay

Select Group’s development at 15 Northside in Business Bay embodies the finest waterfront living overlooking the Dubai skyline. Residents will have the best choice for modern facilities and direct access to the water canal and its promenade. The homes boast the highest quality finishes, open plan layouts, and floor-to-ceiling windows to boost natural light. There is a collection of studios as well as one-to-four-bedroom apartments spread over 21 floors. Prices start at AED 600,000 for a studio.

Invest in off-plan properties in Dubai — Most affordable areas

Emaar South

Emaar South paves the way to Dubai’s future. The popular sub-community is an integral part of the mega-development – Dubai South and is revealing beautiful surrounding parks and an 18-hole championship golf course. Furthermore, with a great selection of affordable off-plan properties on display, Emmar South presents five main projects comprising one-to-three-bedroom apartments and two-to-four-bedroom villas for sale. The most popular is Expo Golf, followed by Urbana, Golf Links, Golf Views, and Saffron. Urbana showcases some of the most popular layouts for townhouses, where you can choose between two- and three-bedroom homes starting at AED 1,105,888.

Akoya Oxygen

Properties here are resting amongst lush green surroundings and a golf course, at the heart of a tranquil community. Akoya stretches along Jebel Ali and Al Qudra road, neighboring other popular communities such as Mudon or Reem. Akoya promotes living in harmony with nature, utilizing energy proficient systems in alignment with eco-friendly guidelines. Additionally, properties here come with one-to-six-bedroom layouts, a backyard, and private parking. One-bedroom townhouse covers up to 744 sq. ft. and the selling price starts at AED 550,000.

 

 

 

 

 

Top 5 Beachfront properties in Emaar Beachfront

Top 5 Beachfront properties in Emaar Beachfront

This article takes a look at top 5 off-plan properties at Emaar Beachfront. The trendy community redefines seaside resort-style living in the best coastal community at Dubai Harbour.

Offering 1.5 kilometers of pristine beach with private access, the location promises to exceed your expectations on many levels. This is due to the impressive infrastructure, high-quality design, and best-in-class amenities available throughout the community. Furthermore, the captivating views over the Arabian Sea are flooding in from all angles across the residences. No doubt, everyone wishes to wake up to the beauty of the soothing sea. There are 27 towers under development at Emaar Beachfront comprising 10,000 residential units. Furthermore, Dubai Marina is practically on your doorstep, whether you choose to stroll over or drive there.

Highlights

At the edge of the sea, Emaar Beachfront stretches gloriously between Jumeirah Beach Residence and Palm Jumeirah. The island destination adds glamour and high-quality living to the urban lifestyle at Dubai Harbour and Dubai Marina. With easy access to the main road, Sheikh Zayed Road connects you to major spots across Dubai in a matter of minutes. For instance, Ain Dubai and JBR are only 10 minutes away, while Burj Al Arab is 15 minutes away. Actually, this is where the city meets the beach, recreating a Miami beach-style ambiance where seaside harmony blends perfectly with the cosmopolitan vibes.

Flanked by sandy beaches on both sides, the ideal location will also offer plenty of local entertainment and attractions. For example, Dubai Square Mall will comprise 13,000 square meters dedicated to retail and leisure. Furthermore, other developments taking place are the Dubai Lighthouse with a 360 degrees views observation desk and a five-star hotel.

The first project to launch was Beach Vista twin towers, which is practically sold out. Other off-plan projects launched so far at Emaar Beachfront include Grand Bleu Tower, Sunrise Bay, Marina Sands, or Beach Mansion. As a matter of fact, the entire master development is set to complete by end of 2022. In our opinion, the top 5 Off-plan properties at Emaar Beachfront earned the top five nominations for being best in class. Subsequently, this is evidenced by the high demand and sales records indicating the popularity of these projects.

Top 5 Off-plan Properties at Emaar Beachfront — Best Sellers

 1 Grand Bleu Tower

The premier collaboration between Emaar and Elie Saab designer resulted in a statement of elegance and class at Grand Bleu Tower. The designer’s influence prevails across the entire building, bringing the 1930’s Miami Art Deco style to life with a modern twist. Therefore, we believe it has earned the top position for being the most sought-after project at Emaar Beachfront. The building showcases one-to-four-bedroom residences overlooking the Arabian Gulf and Dubai Marina. Homes are airy, flooded with light due to the floor-to-ceiling glass windows. Similarly, contemporary design and high-quality finishes ornate the residences, along with subtle golden tones throughout the bedrooms and kitchens. Providing luxury resort-style amenities, the residences enjoy private beach access, a barbecue area, a fitness room, and a party room on the 8th floor. Timeless elegance is at the core of all Elie Saab’s designs and the four-bedroom penthouses in Grand Bleu Tower are no exception.

Completely sold out, the penthouses offer a luxury oasis of relaxation and majestic sea views. Furthermore, the long promenade stretching out from the building offers plenty of attractions, beach activities, and dining venues near the golden sands. The entire area is accessible via bridges and enjoys good connectivity to the rest of the city. Prices start at AED 2,020,888

 2 Marina Sands

Marina Sands is testimony to every intricate detail that went into the style and concept of the project. It offers the perfect escape to an oasis of peace and quiet by the sea, helping you disconnect from the hustle of the busy city. Life here offers you the best of both worlds. On one hand, the peaceful resort-style living, on the other hand, quick access to major sights around Dubai.

Contemporary and timeless designs are key elements of Marina Sands. Furthermore, the interiors give a blissful ambiance, with sandy colors and crisp white hues and tones, in addition to the modern architecture. For instance, homes come in one-to-four-bedroom configurations with open-plan living rooms and floor-to-ceiling windows. Modern aesthetics reveal bright interiors and chic finishes with plenty of storage available. There is already a high demand for the upper floors of the tower which offer several extra three- and four-bedroom units. Therefore, they have highly sought after. Apartments also feature balconies where you can chill out in the privacy and enjoy the delightful views. Prices start at AED 1,850,000 for a one-bedroom flat.

3 Beach Mansion

The latest release at Emaar Beachfront is Beach Mansion, sitting in the best part of the community, next to the main park. The off-plan choices here include one-to-four-bedroom apartments, with the larger three and four beds concentrated on the upper floors. Furthermore, duplex penthouses are also available. The skyrise tower captures the best views over the Arabian Gulf, from all corners, due to its orientation. The homes boast elegant finishes and floor-to-ceiling windows allowing natural light to flow in all day long. Impressive aesthetics highlight pale, light colors which bring a soothing ambiance of comfort. Similarly, the amenities are just as impressive and feature a retail plaza on the ground level, infinity pool, gym, and children playground. One of the highlights of the surroundings is the yacht marina and shopping mall nearby. Prices start at AED 1,783,888.

4 Marina Vista

As the name suggests, Marina Vista comes with the best vistas over the Arabian Gulf and Dubai Marina, complementing the luxury coastal lifestyle. All residences take into consideration sustainable living such as proper ventilation and eco-friendly materials. The twin towers rise 28, respectively 37 storeys high, comprising one-to-four-bedroom apartments. Additionally, all homes enjoy fitted kitchens, en suite master bedrooms, living and dining areas, and large terraces. Amenities provide access to a private marina and yacht berth, high-tech gym, swimming pool, and ample car park. A short stroll away, you can enjoy a variety of restaurants and shopping venues along the waterfront promenade. Prices start at AED 1,855,888.

 5 Beach Vista

Just because it comes in the fifth position in our top, Beach Vista is not in the least less impressive. Actually, as it stands at the present moment, there is only one remaining unit available for sale from Emaar. The rest of the units are available as resale units.

Beach Vista was a top seller as soon as it was launched, generating high demand. This is due to its location, the privacy it offers unrestricted panoramic views. The twin towers rest on a six-level podium, home to a fitness and wellness center. The 33 and 26 storey twin building features luxury one-to-four-bedroom apartments with ample glass façade and expansive balconies. Impressive panoramic views of the Arabian Gulf and Dubai Marina spread open from each angle of the residences. Furthermore, the building enjoys direct beach access through the lobby, from where you can start enjoying your full “Miami Beach” style adventure. Prices start at AED 2,931,888.

 

Selling your offplan property in Dubai with offplan finder

Selling your offplan property in Dubai with offplan finder

If you are the lucky owner of off-plan property in Dubai but your circumstances dictate a premature resale, do not panic. There is always a bright side to selling your off-plan property before the project is completed. Below, we offer unbiased information on how to sell off-plan property in Dubai. Also, what happens if you do decide to sell before completion? What can you expect and how to get the best value? Read on.

If your financial circumstances change radically and are forcing you to sell, the good news is that you can do so, without penalties. However, if you happen to be an investor looking to sell purely for a profit, there is also the possibility of high returns, even before settlement. This can happen, especially if the value of the project is rising during construction phases.

Advantages of selling off-plan

You may still get the best out of your off-plan property, by becoming the seller on a rising market. If you buy early in the development stages, you will definitely enjoy special discounts from developers, along with the best price going. Therefore, when you decide to sell, it is most likely your off-plan property will sell quickly, with no loss. On the contrary, there is most potential for maximum profit on return on investment. For example, most buyers pay up to a 10% deposit for purchasing off-plan at a discount market value. If the initial purchase price is AED 1,000,000 including the deposit, the property will most definitely acquire additional value eight to twelve months later. Your property is now worth AED1,200,000, so your profit will be AED 250,000. That is pretty hard to resist, right?

How to sell off-plan property in Dubai before completion

When you decide to sell before completion, some developers have certain criteria, terms, and conditions in place, which you will need to comply with. Make sure to check with the developer and be aware of all conditions involved. For example, conditions set by Emaar require the owner to have up to 40% of the property cost paid off. Therefore, this is the time to refer to the SPA–sale-purchase agreement, for any conditions and to see the exact amount you are liable to pay before resale. Having said that, buying off-plan is easier than selling off-plan prior to completion. The developer who once arranged discounts and even finance for the buyer now suddenly becomes the competitor.

It is normal to be doubtful and over-cautious when you really need to liquidate. However, in spite of facing competition from private vendors, you can still make the resale work in your favor.

What are the steps leading to a favorable resale?

Once you reach a final decision to sell, you need to obtain a NOC certificate from the developer. The no-objection certificate will be issued only after a certain percentage of the property will be paid off. To determine the percentage you need to clear, refer to the purchase agreement and have a chat with the developer. Expect having to pay off up to 30% or 40% of total property cost, before you can resale.

Once you found the buyer, they will have to pay you an amount equal to what you have already paid to the developer. Subsequently, the buyer will take over future installments and payment plan, as initially agreed by the developer. Once all parties observe this process and follow suit, you can finalize the agreement on the selling price. Furthermore, the developer will register the new buyer and draft the contract for all to sign. If all parties agree on the terms, the transfer of property will take place. The new owner takes over the remaining installments, making the payment directly to the developer.

Procedures

Once you find the right buyer and obtain the NOC from the developer, you can proceed to the trustee premises. The representing agent and the buyer will accompany you. The buyer will issue a manager cheque for you. It is important to note that the buyer is liable to pay the 4% registration fee to Dubai Land Department, as well as AED 5,000 to the developer for issuing the NOC. Furthermore, the buyer will also need to pay transfer fees of up to AED 5,000 or less, depending on the price of the property. However, there might be other costs involved, such as VAT and so, it is best to allow a property expert to assist you and take over the entire process.

We can help you resell your off-plan property

If you want to minimize your efforts and involvement, but increase your profit with the resale, it is time to reach out to offplanfinder. ae and let us help you. Because our connections and network stretch far beyond what you might assume, we are in a position to source the one buyer who is prepared to pay you the most. We apply our technological expertise and digital proficiency to showcase your property to buyers. Therefore, we maximize its selling potential in the current marketplace. At OffPlan Finder, we successfully continue to work along with master developers such as Emaar, Meraas, Nakheel, Dubai Properties. Thus, our connection to the best developers and investors in the market guarantees a successful transaction. Ultimately, our agents are licensed real estate brokers, highly skilled individuals who bring a wealth of experience onboard.

 

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