Off-Plan Properties For Sale in Dubai
Dubai is a cosmopolitan city full of the world’s first – first tallest building, the biggest man-made islands and most importantly, an extravagant lifestyle. Living in Dubai feels like living in the middle of everything. This city has mind-blowing experiences to offer every day and is buzzing with festivals and events throughout the year. From its warm beaches and luxurious hotels to mesmerising desert and heritage, the Emirate is full of compelling attractions.
Dubai’s well-established real estate market has gained the trust of many investors and instilled confidence in entrepreneurs who are looking to make it big in this city. Among various alternatives, off-plan properties are gaining massive attention when it comes to making a fruitful investment.
Off-plan properties are the ones that are registered in Dubai Land Department and sold with a payment plan that involves post-handover payment to maximise return-on-investment (ROI). The development of these properties is either still in progress, in the blueprint stage or has not begun yet.
Types of Properties In Dubai
You can find different types of off-plan properties in Dubai. These include:
- Studios
- Apartments
- Villas
- Penthouses
- Townhouses
- Duplex
You can find the latest listings of all these types of off-plan properties for sale in Dubai at Provident Estate.
Popular Communities To Buy Off-Plan Properties in Dubai
There are many communities and areas in Dubai where you can buy off-plan properties. However, there’s a lot to consider when it comes to selecting the right area, whether you are buying off-plan property to live in it once it’s complete or for investment purposes. Take into account its proximity to notable landmarks, major roads and highways, and the presence of facilities in the area.
You can find off-plan properties in the following communities:
- Dubai Hill Estate
- Palm Jumeirah
- Jumeirah
- Jumeirah Village
- Villanova
- Al Furjan
- Dubailand
- Sobha Hartland
- Dubai Canal
- Dubai Creek Harbour
- DAMAC Hills
- Business Bay
- Dubai Marina
- Mirdiff
- Arabian Ranches
- EMAAR Beachfront
- Dubai Media City
- MBR City
- Meydan City
- Al Saadiyat Island
- Downtown Dubai
- Port de La Mer
Price of Off-Plan Properties in Dubai
Generally, the cost of the off-plan properties varies according to communities, their size, geographical location and amenities. People prefer buying them since they are available at a lower cost as compared to ready properties, allowing many to realise their dream of becoming homeowners in Dubai. Furthermore, most of Dubai’s developers offer post-handover payment plans for these properties. Considering the above, you will make an excellent investment with a small down payment and high return-on-investment in the future.
Reasons To Buy Off-Plan Properties in Dubai
There are many reasons to invest in off-plan properties in Dubai. The real estate sector is back in the limelight after the pandemic and showing signs of sustainable growth, according to the statistics shared by the Dubai Land Department.
The Dubai residential property market is also anticipated to be on a steady course with a modest rise in prices. The resulting stability, recent visa reforms, attractive pricing and overall quality of life standards is drawing new residents towards the emirate. Among different properties, off-plan properties are considered a brilliant investment alternative, especially for those who are interested in long-term benefits and small down payments. First, you can purchase the property and pay for it in small instalments instead of paying the full price upfront. Second, you can sell them later at higher prices while securing a handsome ROI.