For Australian investors wishing to capitalize on Dubai’s surging real estate market, off-plan investment in the city offers an interesting prospect. Dubai is rapidly becoming a worldwide destination for luxury living, thanks to a varied range of innovative projects that are destined to transform the skyline. This article takes a look at a few of the most attractive off-plan projects in Dubai for the year 2024.
Why Invest In Off-Plan Properties?
Investment in “off-plan” projects gives people the chance to acquire a piece of real estate before construction has even started, and often for a lesser price than finished apartments. Since property prices usually rise throughout the building stage, this approach can deliver substantial returns. For investors from Australia, it is very critical to grasp the ins and outs of the Dubai off-plan market.
Let’s explore some of the top upcoming projects that you can invest in with helpful details from Bayut’s off plan property listings in Dubai. Bayut is a helpful property platform in UAE, where you can search and compare properties and find your dream home in Dubai.
Mega Off-Plan Apartment Projects
1. Mercedes-Benz Places
The opulent Mercedes-Benz Place residential tower combines sustainability with elegance. On its back façade, this creative construction will include solar panels generating power for electric vehicle charging stations. Each unit will be furnished with high-end finishes and smart home technology to provide a contemporary living experience. The concept seeks to provide homeowners not only with a house but also with a lifestyle characterized by luxury and environmental conscience.
- Developer: Binghatti x Mercedes-Benz
- Location: Downtown Dubai
- Tentative Handover Date: Q4 2026
- Payment Plan: 70/30 (70% during construction and 30% on completion)
- Starting Price: AED 8.8 million (AUD 3.5 million)
2. Aeternitas
At 450 meters, Aeternitas will be the highest residential clock tower in the world with 106 levels that reflect magnificence and intricate architecture. Inspired by Franck Muller’s well-known watch, this concept combines superb workmanship with a luxurious lifestyle. High-end investors will find this appealing since residents will have amazing views of the harbor and luxurious amenities like a rooftop infinity pool and wellness centers.
- Developer: London Gate x Franck Muller
- Location: Dubai Marina
- Tentative Handover Date: Q2 2027
- Payment Plan: 40/60 (40% during construction and 60% on completion)
- Starting Price: AED 2.1 million (AUD 837.7k)
3. Sky Tower
Rising to a height of 122 stories, Sky Tower has an arresting golden façade. Offering inhabitants peaceful rooftop gardens, jogging trails, and a rooftop Infinity Pool at 431 m that provides breathtaking panoramic views of Dubai’s cityscape, it mixes contemporary architectural perfection with Emirati heritage. The project offers opulent living spaces matched with outstanding amenities meant to improve the quality of life of the occupants.
- Developer: Tiger Properties
- Location: Business Bay
- Tentative Handover Date: Q1 2029
- Payment Plan: 70/30 (70% during construction and 30% after 2 years of completion)
- Starting Price: AED 2.2 million (AUD 877.6k)
4. Six Senses Residences Dubai Marina
Across its amazing 122 levels, this outstanding branded residence emphasizes luxury living and well-being. Six Senses Residences will provide homeowners access to world-class facilities like a wellness center, spa, and private beach club from breathtaking views of Bluewaters Island and Palm Jumeirah. In one of Dubai’s most sought-after areas, this building marks a dedication to complete living.
- Developer: The Select Group x Six Senses
- Location: Dubai Marina
- Tentative Handover Date: Q4 2024
- Payment Plan: 40/60 (40% during construction and 60% on completion)
- Starting Price: AED 9.4 million (AUD 3.7 million)
Latest Villa & Townhouse Off-Plan Projects
1. The Oasis
The Oasis is imagined as a luxurious waterfront location with about 7,000 residences created by prominent designers. The first phase consists of roomy villas ranging from around 5,101 to more than 8,040 square feet. Among the many facilities available to residents are sports facilities, beautiful water canals, jogging paths among verdant surroundings, and a special shopping area with lifestyle brands.
- Developer: Emaar Properties
- Location: Near Downtown Dubai
- Tentative Handover Date: Q4 2027
- Payment Plan: Contact the developer
- Starting Price: AED 8.1 million (AUD 3.2 million)
2. Lillia
Lillia offers exquisitely crafted townhouses inside a lively neighborhood full of attractions and leisure activities catered to families looking for contemporary living experiences in peaceful surroundings.
- Developer: Emaar Properties
- Location: The Valley
- Tentative Handover Date: January 2027
- Payment Plan: 90/10 (90% during construction and 10% on completion)
- Starting Price: AED 2 million (AUD 797K)
3. Athlon
Nestled in the rich surroundings of Global Village, Athlon combines sports facilities with parks planned for various activities to appeal to people of all ages. Along with lengthy courses for jogging or cycling aficionados, the project boasts carefully crafted parks targeted at adventure, fun, and wellness activities.
- Developer: Aldar Properties x Dubai Holding
- Location: Dubailand
- Tentative Handover Date: Q2 2028
- Payment Plan: 60/40 (60% during construction and 40% on completion)
- Starting Price: AED 2.8 million (AUD 1.1 million)
4. Greenway at Emaar South
While encouraging active lifestyles via exercise options like gyms or jogging tracks nearby, Greenway provides exclusive access to lifestyle amenities such as swimming pools and play spaces within its prestigious golf community environment.
- Developer: Emaar Properties
- Location: Dubai South
- Tentative Handover Date: Q2 2028
- Payment Plan: 90/10 (90% during construction and 10% on completion)
- Starting Price: AED 3.1 million (AUD 1.2 million)
Conclusion
Dubai’s off-plan real estate industry is projected to grow in 2024 providing Australian buyers with a variety of opulent choices that fit different tastes and ways of life. As Dubai develops as a worldwide luxury destination, these projects provide not only a home but also good investment possibilities from high-rise skyscrapers blessed with contemporary conveniences to large villas in peaceful communities. Investors have a great chance to explore these interesting opportunities right away.
Frequently Asked Questions
Q1. What are the benefits of investing in off-plan properties in Dubai?
A: Investing in off-plan Dubai buildings provides several benefits, including cheaper purchase pricing than finished residences, the potential for substantial capital gain while the project is constructed, the ability to customize, and flexible payment plans that enable purchasers to handle their funds better.
Q2. How can Australian investors finance their off-plan property purchases in Dubai?
A: For the purchase of off-plan property in Dubai, Australian investors can look into many financing choices including bank loans from local UAE banks intended for expats. Many developers also provide appealing payment plans wherein purchasers may pay a part of the entire cost during the building and the rest upon completion.
Q3. Are there any risks associated with investing in off-plan properties?
A: Indeed, investing in off-plan properties involves certain risks, including possible construction delays or changes in market circumstances influencing property prices. Buyers should also be sure the developer has a strong reputation for timely project completion.
