Last Updated on July 17, 2024 by Admin
Long a shining example for real estate investors all over, Dubai’s vibrant property market has attracted attention, especially from Indian investors. For those trying to diversify their investment portfolios, Dubai presents a convincing option with its strategic location, excellent quality of life, and business-friendly surroundings. Off-plan houses, which have become fashionable recently, pique great curiosity. According to a real estate agency Buildcaps’ report, Dubai saw 19,654 off-plan transactions in Q1 2024 including villas, apartments and townhouses.
The best forthcoming off-plan locations in Dubai that long-term Indian investors should take into account are explored further in this article.
Table of Contents
Understanding Off-Plan Properties in Dubai
Understanding what off-plan houses are and why they appeal to investors is very essential before diving into certain sectors. In Dubai, off-plan buildings are those which are either under construction or under development. These features provide various benefits above ready properties:
- Lower prices: To attract early investors, developers may offer reasonable rates for off-plan properties.
- Higher potential returns: Investors might be able to profit greatly from the property’s appreciation throughout the building phase.
- Flexible payment plans: Many off-plan projects have installment-based payment schedules, which helps investors more readily control their financial flow.
- Customization options: During the building stage, buyers might be able to alter certain features of their house.
Top Affordable Off-Plan Investment Areas
Several areas in Dubai provide reasonably priced off-plan homes with great development potential for Indian investors seeking value-for-money choices. This list features areas from Bayut’s off plan properties, a reliable source for all things related to UAE’s real estate market:
● Jumeirah Village Circle (JVC)
Families and young professionals have come to find JVC, a fast-expanding neighbourhood, really appealing. Apartments, townhouses, and villas among other reasonably priced off-plan residences abound in this region.
Key features of JVC include:
- Excellent amenities: Parks, schools, supermarkets, and restaurants
- Good connectivity: Easy access to major highways
- Diverse property options: From studios to spacious villas
- Starting prices: Off plan studio apartments start at AED 650,000 (INR 1.47 crore)
Notable off-plan projects in JVC include:
- Stonehenge Residences by Segrex
- Westwood Grande by Imtiaz
- Elitz by Danube Properties
- Maimoon Gardens by Fakhruddin Properties
- Hillmont Residences by Ellington Properties
● Al Furjan
Al Furjan has a range of home types with different payment schedules and is fast becoming a top spot for off-plan investments.
The area boasts:
- Excellent communal amenities
- Strong connectivity via major roads and the Dubai Metro
- A mix of apartments, townhouses, and villas
- Starting prices: Off plan 1 BHK apartments start at AED 1 million (INR 2.27 crore)
Upcoming residential developments in Al Furjan include:
- Millennium Talia Residences by Deyaar
- The Stella Residences
- GEMZ by Danube Properties
- Tilal Al Furjan Phase 1 by Nakheel
● Arjan
Arjan, which is part of the larger Dubailand region, offers profitable investment prospects in one of Dubai’s fastest expanding residential areas.
The area is known for:
- Proximity to tourist attractions like Dubai Miracle Garden and Dubai Butterfly Garden
- Affordable properties compared to other parts of Dubai
- A range of apartment options
- Starting prices: Off plan studio apartments start at AED 595,000 (INR 1.35 crore)
Top off-plan projects in Arjan include:
- Vincitore Volare by Vincitore Realty
- Trinity by Karma
- The Central Downtown
- Kyoto by ORO24 Developments
- Arbor View by Ellington Properties
● DAMAC Hills 2 (D2)
Popular for families, DAMAC Hills 2 emphasizes environmentally friendly community living and first-rate conveniences. The area is continuously expanding and shows great potential expansion.
Key features include:
- Emphasis on green spaces and outdoor activities
- A range of villa and townhouse options
- Ongoing development of amenities and facilities
- Starting prices: Off plan 3BHK townhouses start at AED 1.45 million (INR 3.3 crore)
Notable off-plan projects in Damac Hills 2 include:
- Camelia Villas
- Verona
- Farmhouses
- Park Greens
- Elo (apartments)
- Evergreens (apartments)
- Natura (townhouses)
Luxury Off-Plan Areas for High-End Investors
Dubai has various upscale neighbourhoods with opulent developments for Indian investors seeking premium off-plan homes:
● Expo City Dubai
Expo 2020 left behind Expo City Dubai, a new residential and business area with various off-plan developments.
The area offers:
- A dynamic and multifaceted community
- Modern and spacious apartments, villas, and townhouses
- Green spaces and sustainable living
- Starting prices: Off plan 3BHK apartments start at AED 3.07 million (INR 6.98 crore)
Notable projects include:
- Mangrove Residences
- Sky Residences
- Shamsa Townhouses
- Yasmin Villas
- Maha Villas
● Dubai Hills Estate
Dubai Hills Estate is a vast development with a variety of homes surrounded by rich vegetation.
Key features include:
- Championship golf course
- Retail and dining options
- Easy access to Dubai’s major highways
- Family-friendly amenities, including schools and hospitals
- Starting prices: Off plan 1BHK apartments start at AED 1.4 million (INR 3.18 crore)
Prominent off-plan projects in Dubai Hills Estate include:
- 399 Hills Park by National Properties
- Elvira by Emaar Properties
- Address Villas Hillcrest by Emaar Properties
- Golf Grand by Emaar Properties
- Hills Park by Emaar Properties
- Vida Residences by Emaar Properties
● Dubai Creek Harbour
The focal point of Dubai’s premier waterfront developments is soon to be Dubai Creek Harbour.
The development offers:
- Stunning waterfront views
- Over 30,000 residential units
- A range of commercial and retail spaces
- Starting prices: Off plan 1BHK apartments start at AED 1.35 million (INR 3.07 crore)
Exciting off-plan projects in Dubai Creek Harbour include:
- Rosewater Creek Beach by Emaar Properties
- Palace Residences North by Emaar Properties
- Lotus Creek Beach by Emaar Properties
- Creek Waters by Emaar Properties
- Aeon at Dubai Creek Harbour by Emaar Properties
● Tilal Al Ghaf
Designed around an amazing lagoon, Tilal Al Ghaf is a distinctive residential development. The master community spans over 300 hectares and includes:
- Luxury villas and mansions
- A 70,000 sq. m. lagoon with a 400 m beach
- Cycling tracks, running tracks, and walkways
- Starting prices: Off plan 4BHK villas start at AED 6 million (INR 13.65 crore)
Notable off-plan projects in Tilal Al Ghaf include:
- Serenity Mansions
- Tilal Al Ghaf Lanai Island
- Amara by Majid Al Futtaim
- Aura Gardens
- Plagette 32 by Tilal Al Ghaf
Factors to Consider for Long-Term Indian Investors
Indian buyers of off-plan Dubai houses should give these things some thought:
- Location: Select areas with adequate connectivity and great development potential.
- Developer reputation: Invest in projects under the direction of credible developers with a history of timely completion.
- Payment plans: Look for flexible payment plans that align with your financial capabilities.
- Potential for capital appreciation: Think about places most likely to witness notable value rises in the next few years.
- Rental yield potential: Investigate the local rental yields should you want to rent the house.
- Exit strategy: Examine your long-term goals and possible investment exit strategies.
- Legal considerations: Learn about the property rules and legislation of Dubai for overseas investors.
Conclusion
For long-term Indian investors, Dubai’s off-plan property market has a multitude of possibilities. There is something to fit every investment plan and budget from reasonably priced choices in growing regions like JVC and Al Furjan to luxury projects in Dubai Creek Harbour and Tilal Al Ghaf.
Through careful analysis and consideration of the above-stated elements, Indian investors may make wise selections and maybe profit greatly from Dubai’s active real estate market. Before deciding on any investment, as always, it’s essential to speak with local real estate professionals and financial advisers to guarantee fit with your long-term financial objectives and risk tolerance.
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Frequently Asked Questions
What are the legal requirements for Indian investors buying property in Dubai?
Indian investors don’t need a UAE residency visa to own property; they just need a valid passport, to purchase freehold properties in designated locations.
How does the Dubai Land Department’s (DLD) Ejari system affect off-plan property investments?
Ejari mostly registers rental contracts; for off-plan investments, property acquisitions are registered before completion via the Oqood system.
Are there any restrictions on the repatriation of rental income or capital gains for Indian investors in Dubai?
Dubai allows international investors—including Indians—full repatriation of rental income and capital gains free from any limitations.
