Much can be said about Dubai’s real estate in terms of its luxury, design, infrastructure, and competition. However, none can argue the fact that it’s profitable and long-lasting. Although one can choose to have a consecutive ROI for 99 years in any leasehold zone, most prefer to have freehold properties as they prefer complete ownership.
Another aspect of the real estate industry for investors is the off-plan property market. Investing in an on-going development project comes with numerous benefits including favorable discounts and convenient payment plans. Furthermore, you won’t have to go over many details and rest assured of the design, architecture, and infrastructure of the property.
Having said that, the profit margin depends a great deal on the project you have selected. It’s a tough call to decide whether you should go for a waterfront property in the Marina or a suburban community in the South.
To make the selection process easy for you, we have jotted down some of the most popular off-plan projects in Dubai. Take a look at:
Golf Suites (Emaar)
From the developers that have shaped Dubai into the metropolitan hosting the world’s finest skylines, Golf Suites is the newest of Emaar’s projects. Focusing on providing an absolute definition of luxury and opulence, the developer has offered state of the art apartments unlike any other.
Golf Suites in Dubai Hills Estate proves to be unparalleled in its elegance and grandeur. It hosts top-notch in-house as well as community amenities to promise the finest living standards,
The community offers a golf course that offers a lush green landscape from the large windows of every apartment. With a bright, stylish, and spacious interior promised with every residential unit, the property guarantees that it will stay in demand.
Coming over to the investor’s point of view, the payment plans offered by Emaar are, as always, buyer-friendly. With just 10% as the down payment on your booking, you’ll have to pay almost 30% during the tenure of the construction. After which, you’ll have to pay another 10% on handover and the remaining 50% will be charged post-handover.
Liv Residence is another G+27 project that towers over the glistening and pristine waters of the Marina. Neighbor to the famous Grosvenor House and the Ritz Carlton along with the Intercontinental Dubai Marina, Liv Residence enjoys the perfect location that appeals to all residents. Considering the hype and entertainment provided in the Marina, one can assume that all of Dubai recognizes the potential significance that the project will enjoy.
Offering configurations varying from elegantly designed studios, 1, 2, and 3-bedroom apartments, and penthouses, the project offers luxury interiors and top-tier amenities. Each apartment features floor-to-ceiling windows and masterfully designed infrastructure.
Residents of the development will have access to a community green park. Moreover, the development also offers outdoor as well as indoor play areas for the kids. With restaurants and shops in the promenade of the building, a spa and sauna in the Spa and Residence Garden, and an infinity pool-facing luxury gym, residents will seldom feel the need to leave.
Situated opposite the Nakheel Mall is the Seven Palm high-rise beachfront property that is gaining increasing and deserving popularity.
To summarize it, Seven Palm offers everything. As a resident, you will have a rooftop infinity pool and a fully equipped gymnasium. Since it’s beachfront, you will have full access to the sandy beach in none other than the Marina. In addition to this, the project also plans to offer retail shops within the premises to minimize the need to go out.
The best part about Seven Palm that appeals to all investors is its payment plan. Conveniently spread out in small denominations of 5%,6%,5%, and 9% in the first, third, fifth, and seventh months respectively. Upon handover, you hand in an additional 20%, and the rest of the payment follows after that.
The last waterfront in Dubai Marina that is rapidly constructed has already managed to attract worldwide attention.
Offering exquisite one, two, three, and four-bedroom apartments on 3-year payment plans, the project offers 279 units to choose from. With a steam and sauna room and landscaped areas to help residents enjoy natural rejuvenation and private pools coupled with high-end gyms to encourage an active lifestyle, the project boasts of opulence.
To entertain kids, indoor as well as outdoor play areas, make for a good distraction while adults can enjoy the private club that exists within the premises.
Although the waterfront development is nearly halfway done, it’ll be difficult to find possible booking considering how fast it’s selling. For those who wish to be on the profiting side in the aftermath of these changes in the real estate scenario, the time is now.
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