A friend once jokingly said she would never set her eyes on off-plan properties in Dubai as she is an organized person and loves to plan things properly. I laughed and added- “these off-plan choices can boost your investment plans positively”.
It occurred to me then and there that I must pen down a blog detailing what off-plan property in Dubai suggests in the real estate domain. Newbies in the property investment sector in the real estate market of Dubai, or the UAE at large, should find the information given here informative and interesting.
Let us acquaint ourselves with what off-plan properties in Dubai or anywhere indicate and other necessary relevant pieces of information.
What is Off-plan Property in Dubai?
Perhaps, its other more common name would help all understand it quicker. Off-plan properties are also called Under-construction Properties or Pre-construction Properties.
Yes, you got it right! These are those properties that are still in the construction phase (may also be still in their planning stage). They are available to property buyers and investors for purchase before they are built and come into their full glory. You, as an investor or the end user, are buying the promised property based on its architectural plans and designs, before it comes into its physical structural form.
Interesting Facts & Figures on Off-plan Properties in Dubai
Off-plan properties in Dubai are making new records scoring over 25,400 off-plan property dealings in the second quarter of 2024. The transactions are worth AED 52 billion. It indicates property buyers and investors are inclined towards off-plan properties increasingly now.
Developers are coming up with newer innovative off-plan projects to capitalise on this dramatic shift towards off-plan transactions.
The top choices of areas for off-plan investors are Dubai Marina, Downtown Dubai, Dubai Creek, Business Bay, Jumeirah Village Circle etc. Dubai is the breeding ground for highly lucrative and innovative off-plan property investments.
Why this massive demand and growing popularity for off-plan properties?
- Off-plan developments have the highest Capital Appreciation.
- Investing in off-plans doesn’t make one use up all their funds in just one go for that particular property. Instead, One can just pay a smaller downpayment, which is much more appealing to a foreign investor.
- With smaller sums of capital required to invest in the beginning, this off-plan property investment in Dubai helped investors with different budgets set their foot in the Dubai real estate market.
So, convinced enough now? Check out these top 5 off-plan properties in Dubai to consider your investment scopes-
Top 5 off plan properties in Dubai
1. FAIRMONT RESIDENCES, DOWNTOWN
You can buy this off-plan property in Dubai starting from AED 2,966,888 or 3,2 M. Fairmont Residences Solara Tower by SOL Properties offers Penthouses and Apartments with a 60/40 payment plan. The area starts from 2,640 sq ft. The handover is in Q3 2027.
A range of sophisticated urban lifestyle amenities is available including 2 swimming pools, spa, steam, sauna, kids playground, gym, fitness ceter, gourmet F&B choices to name a few.
Burj Khalifa, DXB Airport, DWC Airport, Dubai Marina etc are close by.
2. ORLA DORCHESTER
Probably the best among all the off-plan properties in the UAE, Orla Dorchester luxury apartments at Palm Jumeirah are available at a price starting from AED 24,000,000. The downpayment is just 5%, 45% during construction, & 50% on Handover. The handover is in Q4 2026.
Apartments here are in configuration of 2, 3, & 4 Bedrooms, with sizes ranging from 4,163 sq ft to 7,409 sq ft. A high-end development on a 29,000 sq metre beachfront plot, it comes with extravagant lifestyle amenities like yoga studio, indoor lap pool, fitness studio, exclusive cinema, beach club and many more.
Dubai International Airport, Dubai Mall, JBR Beach, and Burj Khalifa are all within 25 minutes of the property.
3. SOBHA ELWOOD VILLAS
Buy off-plan property in Dubai at Sobha Elwood, Dubailand. 4, 5 & and 6-bedroom villas are available with a starting price ranging from AED 7,930,000. The payment plan is 60/40. Downpayment is 20%.
The villas here are massive, with sizes ranging between 4958 sq ft to 7,186 sq ft. This is a luxurious community with an open green area covering 416,000 sq m of area housing 10,000 trees. From luxury living to recreational and wellness amenities, it has all.
Dubai Marina, Downtown Dubai, and Dubai International Airport are easily accessible from the site. It is connected well to the E66 AI Ain Road.
4. GREENRIDGE EMAAR SOUTH
Based at the prime of Dubai South, the 3 & 4 BR Townhouse at Greenridge by Emaar South is a lucrative Dubai off-plan property for sale.
The lavish townhouse price starts from around AED 2.94 M. The Payment Plan is 80/20 and 10% is the Downpayment. 70% you need to pay during the construction, while the remaining 20% on handover. The handover of the Townhouse is around December 2028.
The Size is somewhere ranging from 2,421.02 sq ft to 2,766.86 sq ft.
The property is near Al Maktoum Airport, Expo City Dubai, and major business hubs like Dubai Investment Park.
There will be an outdoor sports area, BBQ areas, community hall, running & jogging track, landscaped gardens and parks, a spa and sauna, and a fitness centre.
5. VELORA, THE VALLEY
Velora Townhouses by the Emaar is ready for handover in Q3 2028. The starting price is AED 2.93M. The downpayment is 10% and 20% on handover. The payment plan is scheduled over 7 instalments (10% each). 3 & 4-BR townhouses are available.
It comes with several handpicked urban lifestyle amenities and features diverse architectural themes. 250,000 sq m landscaped park, outdoor activity scopes, retail spaces, BBQ areas, fitness centres, separate pools for kids and adults etc. are all available.
Located close to the Dubai – Al Ain E66 highway, the area enjoys excellent connectivity. Dubai International Airport is half an hour away.
We, at APIL Properties, have an even greater number of off-plan properties in Dubai enlisted right here.
UNDERSTAND THE OFF-PLAN PROPERTY PAYMENT PLAN(h2)
First Step
Make a downpayment (as specified by the real estate developer for the project you are opting for) for your off-plan property purchase. It ranges between 10-20%.
2nd Step
As a foreign investor, you need to pay a one-time 4% Dubai Land Department (DLD) fee for registering the title of your property. It helps to make it a safe investment for you.
3rd Step
Then, you will be entering a payment plan with the real estate developer of the off-plan project through an escrow account. The escrow account is monitored by the Dubai Land Department (DLD). It again ensures the safety of your funds.
You will find that normally these payments are scheduled with a gap of 6 and 9 months apart. The off-plan property construction phase in Dubai is usually 2-3 years. During this period, expect to make 60% of the property purchasing price. The percentage varies from developer to developer.
4th Step
Now as a foreign investor, you can expect to avail of financing for the property before its handover. So, you make the final payment now on your own or through financing (like borrowing from a bank).
This is the time when you can have the opportunity to secure financing up to 60% of the total property price. Keep it to you if you mean to use it for personal residential reasons.
Finally
If you intend to capitalize on it, sell the property at this phase. The capital appreciation on off-plan properties in Dubai is impressive always with this sector of property attracting buyers like magnets.
In case, you still need to know the Dubai off-plan property payment steps in detail, the APIL Properties team is ready to guide you.
Wrapping up
Off-plan properties for sale in Dubai can be your great assets for enjoying either a lump sum return or a steady inflow of cash over a period. Know how to play the investment game in your favour. For help, we are here.
