Dubai's Top Latest Off-Plan Properties in 2016

While the idea of buying off plan properties may not seem like the most obvious thing to do, if you research properly and invest intelligently, then Dubai off plan properties will pay you even greater returns than completed units.

Here’s a look at some of the top off plan properties in Dubai at the moment.

Sobha Hartland

Sobha Hartland is a master-development within Mohammed bin Rashid (MBR) City comprising of luxury villas, low-rise apartment buildings and amenities such as schools, retail outlets, tennis courts, spas, clubhouses, hotels and entertainment facilities, all in one central location. Valued at US$ 4 billion and spanning 185 acres of land, it is Sobha’s second villa development in MBR City. Aside from luxury living, residents will have access to Hartland Square, a world class shopping experience; Hartland Boulevard, a fashion avenue with all the leading fashion brands in one destination; The Walk, which is lined with waterfront restaurants, and cafés and the Meydan Racecourse. It is set to be completed in 2016.

Acacia Avenues

A gated residential community spanning 94,000 square metres in Al Sofouh, Acacia Avenues is constructed and developed by Abyaar Real Estate. Offering sea-facing apartments and luxury hi tech villas and townhouses that share their neighbourhood with Madinat Jumeriah and the royal summer palace.

Acacia Avenues offers world class facilities including a luxurious health club, pool, spa, squash court, childrens playing area along with cafés and shops. The high rise villas and towers include the 38-storeyed Olgana Tower and the 45-storeyed residential and serviced apartment project, Hilliana Tower. It also has 5 low rise buildings and 50 luxurious villa developments such as Decora, Wanya and Fulva.

Boulevard Point

Developed by Emaar Properties, Boulevard Point is no exception when it comes to Emaar’s ability to bring to life residences of uncommon beauty and luxury. All residences can be found within a single 63-storey tower. Located in Downtown Dubai, Boulevard Point redefines the luxury lifestyle with stunning views of The Old Town and Souk Al Bahar. Selected apartments will also open to views of Burj Khalifa and The Dubai Fountain. World-class accomodations include swimming pools, a dedicated children's play area, a fully equipped gymnasium, a community-centric lawn and a barbeque deck.

Residents will also live within walking distance to the The Opera District, The Dubai Mall, Souk Al Bahar and luxe hotels such as Armani Hotel Dubai.

Dubai Wharf

Located in the up and coming Culture Village district, Dubai Wharf, developed by Dubai Properties is a mixed-use off plan project featuring residential towers, retail, dining and entertainment units. Valued at about AED 800 million, it will offer residents a serene canal promenade living. Pedestrian bridges over the canal will offer full connectivity throughout Culture Village. Considered a 'low-rise' JBR, Dubai Wharf is anticipated to be complete in 2017.

Belgravia

Located in Jumeirah Village Circle, Belgravia is an off plan residential development by Ellington Properties Development LLC, offering modern one, two, and three bedroom units. Located a few minutes away from Downtown Dubai, is Belgravia’s centrepiece, a beautifully landscaped central court. Residents will have access to numerous facilities such as indoor and outdoor play areas, fitness and recreation centres and a lush outdoor pool. Belgravia is expected to be completed in December 2016.

Vincitore Palacio

Offering the ultimate opportunity for branded living in the heart of Dubailand, Vincitore Palacio features immaculately designed European-styled residences that stand apart not only in style and space but also in modern luxury.

Each apartment reflects the diversity of one of the world’s greatest cities and the union of the interior and exterior in each residence provides for a true exchange between indoor and outdoor living spaces.
Dubai’s first residential project to be quality controlled by TUV Nord Germany (M.E), Vincitore Palacio is a development that quite simply redefines envy.

RP Heights

Offering gorgeous views of Burj Khalifa and just a stone’s throw away from Dubai Mall, RP Heights is a luxury five-star residential tower offering studios & one to four bedroom apartments for sale. Just a few steps away from Dubai’s best shopping, dining and entertainment centres, RP Heights offers fine city living. Amenities within the building include two large pools, a gym, a library and 24-hour security. The anticipated handover date is Q1, 2018.

Serena Townhouses

Dubai Properties' latest project in Dubailand is perfect for those seeking to live away from the city’s hustle and bustle. Featuring Spanish-themed townhouses, Bella Casa at Serena is the first phase of the project and will offer a range of 2 and 3-bedroom townhouses with maid's room. The community is set to cover 8.2 million sq. ft. of residential space and 100,000 sq. ft. of retail space.

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How to Buy Residential Property in Dubai?

You may be going to buy home abroad or willing to buy your dream home in native country, buying property has always been a huge financial commitment. In order to end up your deal successfully buyers must consider few basic things, especially if you are planning to buy overseas. Good understanding with market trends and standard rules to buy assets is necessary.

Boosted up from small fishing village, Dubai has got itself recognized among well-developed cities across the globe. State of the art infrastructure facilities, dynamic lifestyle, adventure and entertainment along with luxury developments have amplified city image as desirable place to live. The tax free lifestyle, entertainment and luxury dragged everyone towards this Middle Eastern hub city for holidaying and relocating. Initially foreigners were only allowed to rent accommodation unit to live there. Having considered the great interest of foreigners in emirate estate market, State Government introduced new legislation in year 2002. The free hold property law empowered foreign buyers possessing great in buying property in Dubai. Later, specific neighbourhoods and projects are designated as freehold areas to facilitate foreign buyers.

Whether to buy an off-plan or ready now unit?

Property transactions are mainly subdivided in two major types i.e. off-plan and ready now. Buying an off-plan unit in Dubai means unit does not actually exist, rather the whole construction and floor plan is available on paper. However, a model unit exists to display design and quality of work, the project developer is offering. Usually developers allocate specific date to deliver finished units. The buying process starts from online registration form later you need to submit required documents along with 10% of total price to finally book a unit. On the other hand buying ready-now is more suitable for cash buyers. If you don’t have enough funds UAE banks also offer mortgages in accordance with total asset price. Although this method is quicker as compared to off plan buying, sometimes it becomes difficult to obtain mortgage.

Buying off-plan in Dubai

So you have decided to buy off-plan property, don’t forget to check developer reputation before paying initial deposit. Observe the finished projects of respective developer you have chosen for quality of work history of project delivery. Also check that developer is RERA certified with active Escrow account to collect payments.

Buying ready now in Dubai

In case you have arranged funds to buy a home directly from seller. It is necessary to check mortgage status before receiving title deed. It is necessary to take approval before making final decision. Pre-approval ensures that you can proceed to finalize the deal. This will also save your time by making you eligible for finances to buy a home. Usually banks survey the property you have chosen to buy before issuing mortgage to estimate whether it’s safe to lend or not.

Estimate your budget

Budget mainly decides the buying power of buyers. Having estimated your budget, you can make better decision. Whether you are independently searching or working with real estate agent to find desirable accommodation unit, this will facilitate you to screen the suitable property. Furthermore, you also come to know that capital you have allocated for buying accommodation unit is suitable enough or not.
Search to select the right property

New developments arousing all the time across Dubai, there are too many options for those who want to buy residential property in Dubai ranges from villa, apartments and holiday homes. Irrespective of buying off-plan or ready now, buying involves huge capitals. It is necessary to research well to choose the right kind of unit. Make a check list for essentials you want to see in your dream home. List will include everything from size and dimensions, resale value, access to public transport and community amenities to everything about surroundings. If you miss any of these things while searching property, you will not be able to make decision confidently.

Consider working with reputable real estate consultant

Working with RERA certified real estate consultant is mandatory for everyone looking to buy residential units in the city. They can better help and educate you to make the right decision. They are very well aware with market trends and legal implications. A professional agent is so capable to provide primary knowledge to his clients in order to ensure that their clients will make right decision on their own. Despite strong efforts by Dubai Land Department (DLD) and Real Estate Regulatory Authority (RERA), you may still encounter unauthorized brokers.

Residential property in Dubaihas been constructed to cater accommodation needs of singles, families, elites as well as low salaried individuals. Once you have completed all documentation and budget estimation to buy residential unit in Dubai, you can easily narrow down the options in the market according to your needs. After careful analysis and discussion with your agent it becomes possible to make right decision.

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