Dubai is a great place to invest in real estate because its economy is growing at a very fast rate. Investors can find many opportunities to invest in off-plan properties available in Dubai. Off-plan property investments are becoming very popular among real estate investors.
If you are also one of those interested investors, looking for the best areas where you can invest in off-plan properties, this post is especially for you. This post contains some of the best places where you can find these kinds of best off-plan projects in Dubai. But before that, let’s understand what off-plan property investment is.
Understanding Off-Plan Properties in Dubai:
Off-plan properties in Dubai are buildings that are not yet constructed or still being planned. Investors invest in these properties based on the future development plan explained by the developer. Investing in off-plan properties can be very beneficial because they usually cost less and you can earn profit after selling them later. Top developers in Dubai make regular announcements about these off-plan projects to attract investors. So you can easily invest in these properties if you see potential in their development plan. This post will help you to find the best off-plan projects in Dubai.
Top Affordable Areas in Dubai for Off-Plan Property Investments:
1. Jumeirah Village Circle
Jumeirah Village Circle is an area that is growing at a very fast rate. Real estate investors can easily find off-plan properties in this area to invest in. It is a great place for families and young professionals because the area has schools, parks, supermarkets, and restaurants nearby. The top off-plan properties in this area include The Orchard Place, Hillmount Residencies, Westwood Grande, Maison Elysee, etc.
2. Al Furjan
Al Furjan is becoming a top spot for new property developments like townhouses, villas apartments, and many more. Also, the roads of this area are connected with the main roads and public transportation in Dubai. The Stella Residencies and Millennium Talia Residencies are some top-off-plan projects that you can consider investing in.
3. Arjan
Arjan is one of Dubai’s fastest-growing areas that offers great investment chances for investors who are looking for the best off-plan properties that are affordable. Arjan is famous for its Miracle Garden and Butterfly Garden and this place has more potential for great development in the future also. The Central Downtown, Arbor View, and Kyoto are some off-plan projects where you can invest.
4. DAMAC Hills
It is a great place for families with top-notch facilities, where you can live a sustainable life. The place is still under development, so there will be even more parks, sports facilities, and supermarkets in the future. An announcement has been made about the launching of new off-plan projects that include Elo, Evergreens, and Natura.
5. Dubai South
Dubai South is a fast-growing area that offers ready and off-plan projects. The top projects by Dubai South developers include South Bay, The Pulse Residences, and Pulse Beachfront Villas. These projects focus on developing residential places and villas where almost all the facilities are provided.
Top Luxurious Off-Plan Property Investment Recommendations in Dubai:
1. Dubai Hills Estate
Dubai Hills Estate is a large community that offers top-off-plan properties. Here you can invest in off-plan residential properties that are surrounded by great natural views. The development includes golf courses and restaurants near Dubai’s main roads. People who invest or want to rent a place there can enjoy facilities like schools, parks, and hospitals.
2. Dubai Creek Harbour
Dubai Creek Harbour is an area in Dubai where you can expect great development and profit in the future if you invest in an off-plan property. It offers beautiful views along the waterfront residential buildings, restaurants, and many more. It is expected that this development will play a great role in creating the best waterfront neighborhood in Dubai, where more than 30,000 residential units, shops, and offices will be built. So investing in this project can be very beneficial in the future.
3. Tilal Al Ghaf
Tilal Al Ghaf in Dubai is a unique residential community in Dubai. The place is centered around a beautiful lagoon. It covers a large area of 300 hectares where you can find many luxurious villas and mansions for sale. Serenity Mansons, Aura Gardens, and Plagette 32 are some off-plan property investment projects that you can consider.
4. Mohammed Bin Rashid City
Mohammed Bin Rashid City in Dubai is a well-planned neighborhood where almost all the amenities are available, such as supermarkets, schools, restaurants, gardens, beaches, parks, etc. The city also provides a wide range of new apartment and villa projects for those who want to invest in off-plan properties. Sobha One, The Sanctuary, and MAG Keturah Reserve are some off-plan projects where you can invest.
5. DAMAC Lagoons
DMAC Lagoons project by DMAC Properties in Dubai offers a range of luxury off-plan properties that are under development. These properties include villas and townhouses with modern designs and beautiful views of water. Spacious interiors, swimming pools, and sports facilities will also be included in the project. Investing in the off-plan properties in this project can be very beneficial in the future.
Conclusion
These are the top areas in Dubai for off-plan property investments. Buying property in Dubai can be very rewarding since the real estate market is growing at a rapid speed in Dubai. If you have a great vision of recognizing the potential of off-plan projects you can earn a great profit while investing with less capital.