About Off Plan Properties in Dubai

Off-plan property purchases in Dubai have gained popularity among both first-time buyers and seasoned investors for various reasons. Those opting for off-plan projects in Dubai benefit from discounted prices compared to ready properties, with the potential for increased demand and appreciation in value over time. Buyers lock in prices during the purchase, allowing them to profit from substantial returns when selling.

Dubai offers a diverse range of off-plan projects led by renowned developers like Emaar and Dubai Properties. This abundance provides investors with a selection of new properties in Dubai, catering to different budgets and preferences. With regulations set by RERA (Real Estate Regulatory Agency) to protect buyers, off-plan properties present a lucrative opportunity for both homebuyers and investors.

Whether one is looking for off-plan apartments, villas, or townhouse communities, Dubai’s latest off-plan projects offer a wide array of choices. Notable upcoming projects include Canal Front Residences by Meydan, adding a touch of luxury to Dubai’s apartment buildings, and Myrtle by Meraas at Central Park in City Walk, a highly sought-after project, especially for those seeking 1 or 2-bedroom apartments.

Jadeel by Meraas is another new off-plan property in Dubai, featuring luxurious apartments ranging from 1 to 4 bedrooms, designed for enthusiasts of Arabesque architecture. Its proximity to Burj Al Arab makes it an attractive option for investors eyeing lucrative buy-to-let properties with stunning views.

Emaar’s Address The Bay is an upcoming off-plan project located at Emaar Beachfront, perfect for those desiring beachfront living and seeking off-plan investments in Dubai. The development offers luxury apartments and duplex penthouses, accompanied by amenities such as an infinity pool, private beach, and hotel services.

For those interested in off-plan villas and townhouses, The Pulse Beachfront is a new development ideal for families, featuring green spaces and top-notch facilities by the beach. It offers various amenities, including basketball and tennis courts, a pool, kids’ play area, gym, park, and more.

Investors looking for 3, 4, or 5-bedroom villas or townhouses may find Dubai South promising, as its profile has dynamically grown, indicating potential for further growth in off-plan property investment in Dubai South.

What is the lowest amount of money needed to invest in off-plan projects in Dubai? 

You can secure an off-plan property with a modest initial investment. For instance, certain projects offer a down payment of just 10%, enabling you to move in, followed by 50% during construction, and the remaining 50% post-handover. Clarify the initial payment amount and additional charges, including government fees, service charges, and VAT.

What is the process for selling an off-plan property?

Initially, reach out to the developer and determine the amount required to obtain a No Objection Certificate (NOC) for the property. Typically, this figure hovers around 30-40%, though it may vary among different developers in Dubai. Subsequently, the prospective homebuyer compensates the seller with an amount equal to what has been paid to the developer, with any agreed-upon differences taken into account. Afterward, the new buyer assumes responsibility for the existing payment plan of the off-plan property, making direct payments for all upcoming instalments to the developer.