With Dubai’s real estate market heating up again, now is the time to invest in off-plan property projects for the best deals and maximum capital appreciation potential.
As an investor, you want to get in early on developments that will be highly sought after once completed. The key is identifying projects in prime locations from reputable developers with a proven track record of success.
In 2024, some of the best off-plan opportunities will be luxury residential towers in Business Bay and Downtown Dubai, a new lifestyle community on the Dubai Water Canal, and a resort-style project on the Palm Jumeirah.
If you’re looking for the next hotspot to buy into, these up-and-coming off-plan projects in Dubai 2024 should be at the top of your list.
Time is of the essence, so start your property search today before the best deals and units are gone. The future is bright for Dubai real estate, and the smart money is on off-plan.
With Dubai’s booming real estate market, investors can take advantage of attractive pre-launch offers for off-plan projects in Dubai 2024.
1. Oakley Square By Ellington Properties
Oakley Square is a residential development by Ellington Properties located in a prime location. It offers a unique blend of modern architecture and comfortable living with a range of amenities that cater to the needs of residents.
Oakley Square features a contemporary design that stands out in the neighborhood. The architecture adopts a sleek and stylish approach, creating a visually appealing living space with 1,2 bedroom apartments.
The interiors of Oakley Square are finished to the highest standards. Premium quality materials and fittings are used throughout, adding a touch of luxury to each living space.
The development incorporates energy-saving features and sustainable practices. From LED lighting to efficient insulation, Oakley Square promotes a greener and more environmentally friendly way of living.
Oakley Square offers residents a variety of amenities that enhance the living experience. The swimming pool allows for refreshing swims or lounging poolside, while the fitness center provides fully equipped workout spaces for cardio and yoga.
Families appreciate the designated kid’s play area that offers a safe space for children to play and socialize. Communal areas like the landscaped gardens and rooftop terrace foster a sense of community among residents by providing places to relax and socialize.
24/7 security staff and CCTV surveillance ensure the safety and security of residents, giving them peace of mind. These features and amenities combine to provide a modern and comfortable living experience.
Oakley Square By Ellington Properties offers a modern and comfortable living experience with its unique features and amenities designed to enhance the quality of life for residents.
2. Six Senses Residences By Select Group
Six Senses Residences is a luxury residential development by Select Group, known for its impeccable craftsmanship and attention to detail. It is in a prestigious Palm Jumeirah and offers a unique living experience combining luxury, sustainability, and wellness.
Six Senses Residences is designed with a commitment to sustainability. The development incorporates green building practices, solar panels, and energy-efficient systems, reducing its carbon footprint and promoting environmentally friendly living.
The development focuses on promoting a healthy and balanced lifestyle. It offers a range of wellness amenities, such as spa facilities, fitness centers, and yoga studios, encouraging residents to prioritize their physical and mental well-being.
Smart Home Integration
The residences are equipped with state-of-the-art smart home technology, allowing residents to control various aspects of their homes easily.
Residents can conveniently manage their living environment, from lighting and temperature to security systems.
Six Senses offers penthouse options featuring 2 to 4 bedrooms, ranging from 1,980 to 10,769 sqft, available in Q4 2024 with a flexible payment plan of 40/60. 3 to 5-bedroom villas are also available for your ideal home.
Six Senses Residences offers residents an exceptional living experience with its amenities.
Residents enjoy an infinity pool with stunning views, a selection of gourmet dining options on-site, a wellness center for spa treatments and meditation, personalized concierge services, and a waterfront promenade with scenic views for relaxing walks.
These unique features and amenities create a holistic living experience where sustainability, wellness, and luxury blend to provide an exceptional lifestyle.
Six Senses Residences By Select Group offers a luxurious and holistic living experience with its unique features and amenities, where sustainability, wellness, and luxury seamlessly come together to create a truly exceptional lifestyle.
3. Binghatti Gardenia by Binghatti Developers
Binghatti Gardenia is a residential project developed by Binghatti Developers. It is in a prime location in Jumeirah Village Circle and offers residents a comfortable and convenient living experience. The project is known for its high-quality construction and attention to detail and will be available to residents in Q4 2024.
Binghatti Gardenia stands out with its modern and contemporary design. The sleek and stylish architecture adds a touch of elegance to the development. The design is aesthetically pleasing and functional, ensuring a comfortable living space with 1, 2, and 3-bedroom apartments spanning 29 residential floors.
Binghatti Developers is known for its commitment to high-quality construction. Binghatti Gardenia is no exception, with attention to detail and craftsmanship evident throughout the development. Residents can enjoy a home built to last and withstand the test of time with a blend of contemporary and Middle Eastern elements.
Binghatti Gardenia offers a range of amenities to enhance the living experience for residents. These include a swimming pool for relaxation and recreation, a fully equipped gymnasium for fitness enthusiasts, a dedicated children’s play area for kids to have fun, ample parking facilities for convenience, and 24/7 security with strict measures to ensure residents’ safety and well-being.
Binghatti Gardenia by Binghatti Developers offers a comfortable and convenient living experience with its contemporary design, quality construction, and a range of amenities that cater to the needs of residents.
4. Grand Bleu Tower by Emaar Properties
Grand Bleu Tower is a residential project developed by Emaar Properties and set to launch in June 2024. It is located at Emaar Beachfront and offers residents modern and luxurious living spaces. The project is known for its high-quality construction and top-notch amenities.
Grand Bleu Tower is in a waterfront location, offering residents stunning views of the surrounding scenery with 1-3-bedroom- and 4-bedroom penthouses. Whether it’s overlooking the beach or marina, residents can enjoy a peaceful and scenic living environment.
The project features a luxurious design in a unique collaboration between Elie Saab and Emaar that is both elegant and contemporary. The interiors are carefully crafted with high-end finishes and stylish fittings, creating a sophisticated living space that exudes luxury.
Grand Bleu Tower elevates resident living with a suite of premium amenities. Multiple swimming pools invite residents to indulge in refreshing dips or unwind by the tranquil poolside.
The fully equipped fitness center with modern gym facilities supports a healthy lifestyle. Spa facilities within the project offer residents the luxury of relaxation and pampering without leaving home. Beautifully landscaped gardens provide serene outdoor spaces for strolls or picnics.
With 24/7 security, including vigilant personnel and advanced surveillance systems, residents enjoy a secure living environment, ensuring peace of mind throughout their stay.
Off-plan projects in Dubai 2024 provide attractive returns and capital gains potential. By choosing reputable developers and prime locations, investors can secure strong rental yields and significant price appreciation over the medium to long term in Dubai’s resilient real estate market.
5. The Sloane by Ellington Properties
The Sloane by Ellington Properties is the ideal home for a modern living set to be completed in Q4 2024. Situated in a thriving Jumeirah Village Circle neighborhood with easy access to downtown, this newly constructed apartment community offers stylish one and two-bedroom floorplans featuring luxury finishes and amenities.
Thoughtfully maximizing space utilization, The Sloane offers diverse layouts, ranging from compact studios to spacious two-bedroom apartments, ensuring a perfect balance of comfort and functionality.
Providing beautiful views, The Sloane features spacious balconies extending the living area outdoors, offering residents an idyllic retreat and an ideal relaxing setting.
The Sloane by Ellington Properties offers residents an upscale lifestyle with vast amenities.
Settled in the heart of downtown, the building features a 24-hour attended lobby, fitness center with cardio and weight training equipment, yoga and spin studio, resident lounge with catering kitchen and fireplace, outdoor pool and sundeck, business center, conference room, and on-site parking. Residents of The Sloane enjoy the convenience of an urban oasis with the comforts of home.
Residents of The Sloane enjoy a saltwater pool, 24-hour fitness center, resident lounge with WiFi, and controlled access parking. The apartments include stainless steel appliances, quartz countertops, plank flooring, and full-size washers and dryers.
What to Look for When Investing in Off-Plan Property in Dubai
When investing in off-plan projects in Dubai 2024, there are several factors to consider:
The location of the development is key. Look for areas with potential for future growth and strong infrastructure. Accessibility to main roads, public transport, schools, hospitals, and amenities should all be considered. Popular locations tend to hold value well over time.
2. Developer Reputation
Choose a reputable, award-winning developer with a proven track record of completing high-quality projects on schedule.
Check their other completed developments and look for a history of satisfied customers. Developers with experience and expertise in off-plan sales are ideal.
3. Payment Plan
Consider the payment plan carefully. Plans that require higher down payments and stage payments during construction tend to be lower risk.
Those with delayed or back-ended payment structures could incur extra charges if there are delays or cost overruns. See what charges or penalties may apply for late or missed payments.
4. Facilities and Amenities
Look at the proposed facilities and amenities to determine how well they meet your needs. Things like parking, gyms, pools, play areas, retail space, maintenance, and security are all important.
High-quality, well-designed, and professionally managed amenities will help ensure good rental demand and resale value.
Check the agreed completion and handover date to align with your needs. Delays are common, so additional charges may apply if the project is not completed on time.
Ensure the sales contract clearly outlines completion and handover dates and any compensation offered for delays.
Considering these key factors, you can confidently invest in off-plan projects in Dubai in 2024. Do your due diligence and understand your risks and responsibilities, and you’ll be well on your way to a smart property purchase.
Expert Tips for Finding the Best Off-Plan Projects in Dubai
To find the best off-plan project in Dubai 2024, consider these expert tips:
Do Your Research
Educate yourself on the Dubai real estate market and stay up-to-date with industry news and trends. Follow reputable property analysts and journalists.
Learn about up-and-coming areas of growth as well as established prime locations. The more you know about the Dubai property market, the better equipped you’ll be to spot a good deal.
Work with a Trusted Agent
An experienced real estate agent can guide you through the off-plan buying process and alert you to new launches and promotions before they’re announced to the general public.
Look for agents specializing in off-plan properties with a proven track record of helping clients secure prime units at the best prices. Ask for references from previous clients if needed.
Meet with your bank or mortgage lender to determine your budget and get pre-approved for a loan before starting your property search.
Knowing how much you can borrow will allow you to act quickly when a good deal becomes available. Many off-plan projects in Dubai 2024 offer special promotions and discounts for buyers who can commit to a purchase immediately.
View Show Units
While show units provide a sense of the final product, remember that the actual unit you purchase may differ. Review the plans and specifications carefully.
Consider the layout, available amenities, parking, and storage. Make sure the project and unit match your needs before depositing.
Negotiate the Best Deal
Don’t feel pressured to accept the first price you’re quoted. There is often room for negotiation, especially if you’re paying in cash or committing early.
Ask about any bulk booking discounts or promotions that may apply. Compare prices across similar off-plan projects to determine a fair price range. You can often secure a prime off-plan unit up to 25% below market value with the right approach.
With several attractive off-plan projects launching in Dubai over the next few years, now is an ideal time for property investment in this exciting city.
Find attractive payment plans, amenities, and locations matching your lifestyle needs and budget. Off-plan projects in Dubai 2024 offer the opportunity to get in at a lower cost before completion and see significant returns on your investment over the medium to long term as the project is handed over and the property appreciates.
If you’ve been considering property investment in Dubai, the projects previewed here are some of the best options launching in 2024 with strong potential for solid returns.
The time to act is to secure your ideal property at the best price. With Dubai continuously re-inventing itself as a global destination, off-plan investment in this city’s future has never looked so bright.