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Top 3 Offplan Projects in Dubai, United Arab Emirates

Posted by adee on September 19, 2023
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Introduction

Dubai’s real estate landscape is in a constant state of evolution, marked by projects that redefine luxury and showcase groundbreaking innovation.

In this dynamic market, off-plan properties have emerged as prime opportunities for both forward-thinking investors and those eager buy their first home.

With a huge influx of people moving to Dubai, property prices have hiked massively. We are witnessing a massive rise in population creating a huge demand, compared to the supply.

As of 2023, Dubai has witnessed a 65% rise in off-plan property transactions compared to 2022. The market has shown no signs of slowing down and developers are capitalizing on this.

This has led to a massive increase with developers launching new off-plan projects every other week.

Off-plan developments benefit both investors and first time home buyers alike. Not only does it promise high potential capital appreciation when compared to buying a ready property, but with the help of flexible payment plans it allows more people to invest.

Let’s have a look at some of the latest new launches in Dubai from leading developers.

  1. DAMAC Coral Reef

  • Developer: DAMAC Properties
  • Location: Dubai Maritime City, Dubai
  • Total Units: 279
  • Types of Apartments: 1-3 Bedrooms
  • Sizes from: 776 sq.ft
  • Starting Price: AED 1,700,000

DAMAC Coral Reef, an ambitious project by DAMAC Properties, is a tribute to the mesmerizing coral reefs, nestled in the heart of Dubai Maritime City. Offering a range of 1 to 3-bedroom apartments, this development promises an unparalleled living experience, complete with awe-inspiring views and world-class amenities.

No. of Bedrooms Min. Size (sq.ft) Max. Size (sq.ft) Min. Size (sq.m) Max. Size (sq.m) Starting Price (AED)
1 776 936 72.09 86.96 1,700,000
2 1,162 1,377 107.95 127.93 2,076,000
3 1,517 1,582 140.93 146.97 2,463,000

Key Highlights:

  • Infinity swimming pools for refreshing relaxation.
  • State-of-the-art spa facilities for rejuvenation.
  • Modern gym facilities for staying active.
  • Spectacular panoramic vistas for endless visual delight.
  • Personalized concierge services ensuring seamless living.

Payment Plan:

  • 24% initial booking payment.
  • 50% during the construction phase.
  • 30% upon handover in Q1 2028.
  1. Gardenia Bay by ALDAR

  • Developer: ALDAR Properties
  • Location: Yas Island, Abu Dhabi
  • Total Units: Not Specified
  • Types of Apartments: Studios, 1 – 3 BR
  • Sizes from: 420 sq.ft
  • Starting Price: AED 805,000

Gardenia Bay by ALDAR, harmoniously situated in Yas Island, Abu Dhabi, offers waterfront homes blending seamlessly with the surrounding natural environment. From cozy studios to spacious 3-bedroom apartments, this development promises a balanced living experience with a plethora of amenities, including exclusive access to a private beach.

No. of Bedrooms Min. Size (sq.ft) Max. Size (sq.ft) Min. Size (sq.m) Max. Size (sq.m) Starting Price (AED)
Studio 420 538 39.02 49.98 805,000
1 796 936 73.95 86.96 1,357,000
2 1,162 1,377 107.95 127.93 2,076,000
2+ Maids 1,517 1,582 140.93 146.97 2,463,000
3 1,657 2,002 153.94 186.00 3,103,000

Key Highlights:

  • Private beach and beach club for serene coastal experiences.
  • Community gardens and swimming pools for leisurely pursuits.
  • Fitness trails, yoga pads, and cycling/jogging tracks for the health-conscious.
  • Entertainment options like a private cinema and clubhouse for quality leisure time.
  • Pet-friendly parks for furry family members.
  • BBQ pits and fire areas for social gatherings.
  • A diverse range of dining, retail, and recreational options.
  • Meeting rooms, co-working spaces, and concierge services for convenience.

Payment Plan:

  • 5% initial down payment plus a 2% ADM Fee.
  • 45% payable during the construction phase.
  • 50% due upon completion in Quarter 2, 2027.
  1. Elara in Madinat Jumeirah Living

  • Developer: MERAAS
  • Location: Madinat Jumeirah Living, Dubai
  • Total Units: 234
  • Types of Apartments: 1-3 Bedrooms; 4 Bed Penthouses
  • Sizes from: 716 sq.ft
  • Starting Price: AED 2.30M

Introducing Elara, a blend of modern elegance and luxury, nestled in one of Dubai’s most distinguished communities. Boasting an exclusive central location, Elara offers premium 1 to 4-bedroom apartments starting from AED 2.3M.

No. of Bedrooms Min. Size (sq.ft) Max. Size (sq.ft) Min. Size (sq.m) Max. Size (sq.m) Starting Price (AED)
1 716 1,351 66.52 125.51 2,300,000
2 1,413 1,786 131.27 165.92 3,130,000
3 1,929 2,352 179.21 218.51 5,600,000
4 3,675 4,565 341.41 424.20 10,950,000

Key Features:

  • Exquisite 1 to 3-bedroom apartments and 4-bedroom penthouses.
  • Bright, sleek, and contemporary interiors.
  • A unique fusion of traditional and modern architecture.
  • Premium amenities including a pool, gym, play area, and ample green spaces.
  • Stunning views of Madinat Jumeirah, Burj Al Arab, and the pristine Jumeirah beach shoreline.
  • Conveniently located near major landmarks, shopping centers, and schools.

Payment Plan:

  • 20% initial down payment plus a 4% DLD Fee.
  • 50% payable during the construction phase.
  • 30% due upon completion in December 2026.

Conclusion

As Dubai’s skyline real estate market continues its upward trajectory, off-plan properties stand as a gateway to this dynamic real estate landscape. With potential for capital appreciation and flexible payment plans, investing in these pre-construction ventures holds immense promise.

If you’re eager to explore these opportunities or have any other real estate queries, our team at VALCOM Properties is here to assist you.

Our experts are well-equipped to guide you towards the best deals, offer valuable consultations, and provide tailored advice on the most suitable options for your needs. Don’t hesitate to reach out – your dream property in Dubai may be closer than you think.

Contact us today for a seamless journey into the world of real estate excellence.

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