Top Places to Look for the Best Dubai Off Plan Properties
Dubai is among the world’s top cities for foreign investments in the real estate sector. Dubai has become a great city to invest in real estate because of being tax free on properties and high return on investment. Expo 2020 is running successfully, attracting hundreds of thousands of visitors from around the Globe. Expats and local people are looking forward to investing in this most happening place of the world.
Ever since Dubai opened its freehold property market for expats just over 15 years ago, the city has become home to an incredible and unbelievable number of real estate projects. With the huge number of off-plan property projects up for sale, it gets confusing when it comes to deciding where to invest your hard-earned money. This is why we’re taking a look at off-plan projects in the city’s most sought after areas.
Here we have compiled a list of areas and places that seem to be the most attractive options to invest in Dubai off plan properties right now.
Dubai Marina
Dubai Marina has remained on top of the list for real estate investors in Dubai off plan properties for the past few years. The development has a unique mix of apartments, penthouses, villas, and a wide range of retail outlets and dining options making it a favorite among property investors in Dubai off plan properties.
Palm Jumeirah
Palm Jumeirah is an evergreen favorite among investors in Dubai. Over the last few years, Palm Jumeirah architecture, location and amazing projects have made it one of the most reliable profitable real estate investments in Dubai. The Palm Beach Residencies and Raffles projects are also in the final stages of completion. Upon completion they will further boost the demand for this area. Apart from apartments, Palm Jumeirah is also famous for luxury villas and Dubai off plan properties.
Arabian Ranches
Arabian Ranches is by far one of the most sought after destinations for both families and investors looking for Dubai off plan properties. The exclusive gated community offers luxury villas and townhouses with spacious rooms, top notch interiors, amazing designs, and high quality facilities and amenities that suit the needs of the families and investors both.
Dubailand
Dubailand boasts an extravagant combination of world class entertainment, sports, leisure, and residential communities like Dubai Lifestyle City, The City of Arabia, and Mudon. While it will act as a driving force to Dubai’s growth in tourism, the residential projects cater the needs of property owners with contemporary style. Dubailand is renowned among real estate investors for both apartments and villas. With the Expo 2020 running successfully, this area has become the prime real estate and Dubai off plan properties epicenter among expats, locals, investors, and residents alike.
Downtown Dubai
Downtown Dubai can be rightfully called the hub of Dubai. Home to the world’s tallest building, Burj Khalifa and the world’s largest shopping mall, Dubai Mall, it is one of the world’s most visited destinations. Also known as The Centre of Now, Downtown Dubai is a mega development spread across 500 acres of land. The area is famous for luxury apartments, high-end hotels, Dubai off plan properties, plush restaurants, and more. The demand for Dubai off plan properties in the area is expected to last as long as the Burj Khalifa. Even though the prices are on the higher side of the spectrum, a high demand in the secondary market and high rental incomes make this a great location from an investment point of view.
The sheer variety of Dubai off plan properties on offer seems to cater to every type of investor from those looking for an asset to live in to those looking to expand their property portfolio. It is safe to say that the current market is favoring those interested to buy Dubai off plan properties