Top Off-Plan Investment Areas in Dubai: Prime Locations to Consider
The economy has slowed down, but there are no indications of this on the increasing number of people willing to invest in real estate in Dubai, mainly for those off-plan properties. The infrastructure of the city is strong with a prime location from the global business point of view which continues to attract investors from all over the world. Competitive tax structures combined with the appealing policies of the government towards investment, greatly fueled the growth in off-plan projects around the city. Off-plan property though is pretty hard to decide upon in preference due to sheer numbers of what is available on the market.
Here are some summaries of the best off-plan investment places in Dubai.
- Dubai Investment Park (DIP)
DIP is one of the most in-demand places for off-plan investment in Dubai. DIP occupies 2,300 hectares, and the entire area is divided into three sub-communities: an industrial zone, a commercial district, and a residential community. The residential area is most attractive since it harmonizes eco-friendly living with modern facilities. The place provides a very quiet environment but is accessible via big roads.
The following are of interest to off-plan buyers:
- Verdana 2
- DAMAC Riverside
- Verdana Residence
- DIP 1
The houses diversify the options of living in apartments, big villas and so many varieties according to the diversity of the investors.
- Jumeirah Village Circle (JVC)
Nakheel Properties quickly transformed Jumeirah Village Circle into a family-friendly favorite community. Aside from the facilities and amenities offered to its residents, there are parks and green community gardens. This area is freehold one which offers total ownership of properties here among the expats.
The recently introduced off plan developments include:
- JVC District 10
- JVC District 12
- JVC District 11
- JVC District 14
- JVC District 18
The project is relatively affordable for the buyer and for the end-user. It is fast becoming an avenue for a long stay destination place. The improved infrastructure coupled with the offerings around it, makes it one of the best off-plan investment hotspots in Dubai.
- Arjan
One of the new locations in the Dubai District will be Arjan, where, in the now moment, constructions are already initiated. Al Barsha South connects most parts of Dubai, with Sheikh Mohammed Bin Zayed Road. Virtually all constructions here are done at Arjan. However, many off-plan projects are still ready for attracting the investors.
Following are the best off-plan available in Arjan;
- 48 Parkside
- Skyz by Danube
- Beverly Boulevard
- Torino by ORO24
- Winner Volare
Arjan offers mixed-use developments, residential, commercial, and retail. Therefore, diversified rental incomes will help the investor. The place is near the major roads and developments like Dubai Hills Estate. This elevates the investment prospect.
- Business Bay
Business Bay is the other prime location for off-plan investments in Dubai for luxury and high-end property seekers. The total area covers 46.9 million square feet, comprising commercial and residential buildings. It is very hot as it is situated next to Downtown Dubai and along the Dubai Canal, hence highly sought for business and residence purposes.
Luxury off-plan properties are available in the following projects:
- Peninsula
- Regalia by Deyaar
- Aykon City
- Nobles Tower
- Binghatti Trillionaire Residences
High-rise apartments, waterfront properties, iconic designs-business Bay contains the same and it is therefore viewed as a class investment in the real estate sectors for people searching for the same.
- Jumeirah Lake Towers (JLT)
The list of top off-plan investment areas shows that the next place to a waterfront property is Jumeirah Lake Towers, or as it is colloquially known, JLT. The area comprises 26 clusters of commercial and residential buildings and is full of stunning lakes. The property can generate business, and it also allows for relaxed lifestyles. JLT is a place that is a convenient location because one can easily go to all main roads, starting from Sheikh Zayed Road, First Al Khail Street. Besides that, it is a place near to Dubai Marina and Palm Jumeirah.
Off-plan to invest in development in JLT
- Se7en City
- Diamondz by Danube
- Sobha Verde
- Viewz by Danube
- Upper House
This region is becoming very famous due to ease, state-of-the-art infrastructure, and more affordable apartments available. Hence, this region will go on to become one of the best areas of investment in years to come while JLT shall remain a constituent part of the same.
- Downtown Dubai
Other investment areas that no list is complete without is Downtown Dubai, popularly referred to as the heart of the city. It has some of the most famous landmarks in Dubai such as the Burj Khalifa, Dubai Mall, and the Dubai Fountain. The place is also famous for its luxury living, as various high-end properties are targeting the affluent class of buyers.
Some of the off-plan properties available in Downtown Dubai are:
- Regis The Residences
- Opera District
- Volta
- Mercedes Benz Places by Binghatti
- W Residences
Downtown Dubai is located excelled, providing luxury houses; therefore it comes at the top of investment when prestige and huge rental yields are concerned. Further, proximity towards major tourist attractions always keeps Downtown as one of the top-rated locations, among residents as well as tourists.
- Palm Jumeirah
The Palm Jumeirah is one of the most luxurious destinations in Dubai. Luxury villas, townhouses, and apartments are all located on this man-made island, which provides spectacular views of the Arabian Gulf. The island is divided into three major regions: the Trunk, the Crescent, and the Fronds, each being a living experience.
Off-plan property available in Palm Jumeirah includes:
- Serenia Living
- Six Senses Residences
- Armani Beach Residences
- Ellington Beach House
- Como Residences
Some of the most expensive hotspots of investments for an ultra-luxury property to date come as the exclusivity of location and then comes the luxury in Palm Jumeirah. Be it the waterfront villa or penthouses, Palm Jumeirah has been reckoned for luxury by nobody else other than itself.
Conclusion
The property market of Dubai is currently a going concern, while off-plan tops the list when it comes to properties. They include family-friendly communities like JVC and high-end locations that are as rich as Downtown Dubai and Palm Jumeirah, which they offer at relatively investment-friendly prices for any pocket or taste.
This is one of the most basic requirements to study local market trends properly and assess the developer for his repute before investing. Proper focus areas and projects can achieve the maximum possible returns in one of the world’s most dynamic real estate markets.
