Off-Plan in Dubai
Why invest in projects under construction?
Buying a property in Dubai can be divided into two main categories: ready properties and off-plan properties.
Ready properties offer a quality location within already developed communities, with a wide range of commercial services and infrastructure for residents. In addition, it is possible to visit the property in person rather than relying on renderings or projects. However, prices tend to be higher and payments less flexible.
Finding a property that fully meets present and future needs can be more difficult.
Off-plan properties, on the other hand, allow for lower capital investment, as payments are easier than ready properties as Developers offer a payment plan.
This offers the chance of obtaining higher returns during appreciation phases. In addition, payments can be managed with greater flexibility, as the developer offers payment plans, allowing you to collect the necessary capital without having to resort to a bank loan.
Off-plan properties also allow for passive investment in real estate, without excessive involvement, especially if you wish to resell the investment before construction is completed.
The benefits of Off-Plan formula in Dubai
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The off-plan property market in Dubai has been growing at a double-digit rate every year since 2022, in a consistent and profitable manner
- You can purchase properties at a lower price than the projected market value at the time of delivery, with the opportunity to get a significant value appreciation over timeYou can purchase properties at a discounted price compared to the expected market value upon delivery, with the potential for significant appreciation in value over time and the option to pay with a payment plan offered by the Developer
- Apartments are almost always delivered with a kitchen complete with all appliances and no furniture, so you will have the opportunity to customize it with your own style
- You have the opportunity to flip the property, which means selling it before or shortly after delivery to make a profit. This can be advantageous even when you don't have immediate liquidity, as the increase in the property's value can allow you to sell at a higher price than the initial one and having committed less capital than the total value of the apartment
- There are numerous off-plan project options in various areas and with different budgets, offering a wide range of property types, from luxury residences to more affordable apartments. Dubai has something for everyone, with prices ranging from 350 USD per square feet to 3,500 USD per square feet.
Iconic Tower by Mered Developer is an exciting new project launched in June 2024. Located in TECOM, directly opposite Palm Jumeirah, the 66-story tower boasts a design by Pininfarina and offers absolute privacy from every apartment. Flexible payment plans and a variety of unit types are available, with prices starting from around €675,000 for entry-level one-bedroom apartments of approximately 80 square meters.
Dubai Harbour Residences by H&H Developer is a luxury and niche project that will rise in Dubai Harbour, right near the area where the Dubai International Boat Show takes place every year. These are low-rise buildings, with a height of only 7 floors, with typologies starting from one-bedroom apartments with boulevard and sea views, starting from around 900,000 euros for the internal view and over 1.2 million euros for the sea view.
New 2024 launch in Ras Al Khaimah, 1 hour drive from Dubai: Moonstone by Missoni.
Ready by the end of 2026, this project on the sea will be built on Al Marjan Island, right next to the new Wynn Resort casino, due for delivery in 2027.
2 bed apartments of about 115 -120 gross square meters start from 700,000 euros and the payment plan is nice as 50% has to be paid during construction and 50% will be balanced during the handover.
I select the best off-plan projects, as if I were to buy them myself
My experience as a real estate consultant in Dubai and my expertise in the real estate market allow me to select the best off-plan projects, the most promising and profitable for Italian investors.
I accompany you throughout the process of buying the property, supporting you also in filling out the EOI, a key document to win a project not yet launched on the market.
Contact me today to begin your journey to off-plan investment success in Dubai. Don’t let your best opportunities slip away, get in touch and let’s achieve your Dubai investment goals together.
