Is It Worth Buying Off-Plan Property in Dubai? | A Comprehensive Guide
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Is It Worth Buying Off-Plan Property in Dubai? | December 13, 2024 Investing in real estate has always been a popular way to build wealth, and Dubai, with its fast-growing economy and futuristic cityscape, continues to attract global investors. One of the most frequently asked questions by potential investors is: Is it worth buying off-plan property in Dubai? This comprehensive guide delves deep into the off-plan property market, evaluating the benefits, risks, and potential returns, and providing expert insights to help you make informed decisions. Whether you’re a first-time buyer or a seasoned investor, understanding the dynamics of off-plan properties is crucial to maximizing your investment. What is Off-Plan Property? Off-plan property refers to real estate that is purchased before the construction has been completed, sometimes even before the project has started. In essence, buyers are purchasing a property based on architectural plans and 3D renderings, trusting that the developer will deliver the project on time and to the agreed specifications. In Dubai, off-plan property investments have gained significant traction due to various reasons, including the city’s constant growth and expansion. These projects often attract investors looking for lower entry points and higher potential returns. Buying Off-Plan Property in Dubai! Why Buy Off-Plan Property in Dubai? 1. Lower Initial Investment Costs One of the primary advantages of off-plan properties is the lower purchase price compared to completed units. Developers often offer properties at reduced rates during the initial stages of a project to attract buyers and generate early funding for the construction process. This means you can get a property at a price well below its market value once completed. Additionally, many developers provide attractive payment plans, such as paying a small percentage upfront and the remainder over several years or upon project completion. This staged payment process allows buyers to manage their cash flow more effectively. 2. Capital Appreciation Another compelling reason to invest in off-plan property is the potential for capital appreciation. As Dubai’s real estate market continues to grow, property values typically increase during the construction phase. By the time the project is completed, investors could see substantial growth in the property’s value, translating into higher returns. For example, properties purchased during the launch phase of a project often appreciate by 10-20% or more by the time construction is completed. This makes off-plan investments a great option for those looking for significant capital gains over time. 3. Customization and Modern Designs When buying off-plan, there’s often a greater level of flexibility when it comes to customization. Developers may allow buyers to choose interior finishes, layouts, and other elements, allowing for a more personalized property. Moreover, off-plan projects often incorporate the latest architectural designs, modern facilities, and energy-efficient technologies, adding to the property’s long-term value. 4. Government Regulations and Protection for Buyers Dubai’s government has implemented stringent regulations to protect off-plan property buyers. For instance, developers are required to deposit buyers’ payments in escrow accounts, which can only be accessed upon achieving specific construction milestones. This ensures that buyers’ money is safeguarded and that developers are motivated to complete the project as per schedule. Additionally, the Dubai Real Estate Regulatory Agency (RERA) oversees all real estate transactions, providing a level of transparency and security for buyers in the off-plan market. 5. Long-Term Investment Potential Dubai is continuously evolving, with ongoing developments such as new residential communities, shopping malls, business districts, and infrastructure improvements. These developments make off-plan properties attractive for long-term investors seeking to benefit from Dubai’s economic growth and urban expansion. Investing in up-and-coming areas that are still in development can provide even higher returns as the surrounding infrastructure improves and demand for property increases. Risks of Buying Off-Plan Property in Dubai While the benefits are significant, it’s important to acknowledge the risks associated with off-plan property investments. 1. Delays in Construction One of the most common risks is the possibility of construction delays. While developers often provide a completion date, unforeseen factors such as supply chain disruptions, labor shortages, or regulatory changes can lead to project delays. These delays can impact your investment strategy, especially if you were planning to sell or rent the property upon completion. To mitigate this risk, it’s crucial to select a developer with a proven track record of completing projects on time. 2. Market Fluctuations Like any real estate market, Dubai’s property values can fluctuate due to economic conditions, changes in demand, or global factors. Investors should be aware that while property values may rise during the construction phase, they can also decline depending on market conditions. Conducting thorough market research and understanding long-term trends can help mitigate this risk. 3. Developer Reputation The reputation of the developer is critical when buying off-plan property. Some developers have a solid history of delivering high-quality projects on time, while others may face financial or logistical challenges. Before investing, always check the developer’s previous projects, client reviews, and overall standing in the market. How to Choose the Right Buying Off-Plan Property in Dubai When considering an off-plan property in Dubai, it’s essential to follow a strategic approach to maximize your investment: Research the Developer: Make sure the developer has a strong reputation and a history of delivering quality projects on time like Emaar, Damac, Meraas, Binghatti, and Sobha. Location Matters: Choose a location that has strong potential for future growth. Upcoming areas like Dubai Hills Estate, Dubai Creek Harbour, Dubai South, and Dubai Islands are seeing significant development and could provide excellent capital appreciation. Payment Plans: Understand the payment terms and choose a plan that suits your financial situation. Some developers offer post-handover payment plans, allowing you to pay after the property is completed. Market Analysis: Study current market trends and forecasts. Make sure that you’re investing at a time when property values are likely to rise. Explore Off-Plan Property in Dubai! Conclusion: Is Buying Off-Plan Property in Dubai Worth It? In conclusion, buying off-plan property in Dubai can be a highly rewarding investment. With lower entry costs, the
Jumeirah Village Circle
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Investing in Jumeirah Village Circle VIEW ALL AVAILABLE PROJECTS Dubai Property Market 38% YOY Property sale volume 0 56% YOY Property sale value (AED) 0 B A thriving residential district Nestled in the heart of Dubai, Jumeirah Village Circle (JVC) presents a compelling investment opportunity that has generated ROI for over 2 decades now. JVC’s rich history of growth is also combined with a data-backed promise of further potential growth in the future, making it a noteworthy choice for property investors seeking value and potential right now. JVC’s was launched just after the Gold Rush in 2005. It was a visionary development project designed to create a harmonious community in Dubai for the first time. Over the years, it has evolved into a thriving residential district that continues to attract investors and residents alike, but its foundation as a masterfully planned community has contributed to its enduring appeal – and is still apparent to this day. Jumeirah Village Circle’s Property Market Performance To gauge the property market performance in JVC, here are some recent statistics for completed 1-bedroom properties: Average Asking Sales Price in JVC (August 2023): AED 860,000 Average Transaction Sales Price in JVC (August 2023): AED 730,000 Average Asking Sales Price per sq ft (August 2023): AED 930 Average Transaction Sales Price per sq ft (August 2023): AED 890 Average capital appreciation in Jumeirah village cirlce JVC has demonstrated impressive capital appreciation rates over the past 12 months: JVC Overall: 24.3% capital appreciation MASTERPLANNED BY NAKHEEL Designed with a classical radial layout, JVC features a central hub from which roads extend outward like rays. This radial design enhances navigability and places vital amenities at the heart of the neighbourhood, creating a vibrant core while offering quieter surroundings as you move away from the centre. Nakheel, a renowned Arab developer, is the driving force behind the creation of significant swathes of the village circle. Nakheel has masterminded numerous developments, shaping the landscape and crafting Jumeirah Village Circle (JVC) into a haven of luxury real estate. Although that luxury has since been surpassed by other Dubai real estate projects, investors still find it provides a luxurious lifestyle – especially as asking prices here remain notably lower than in Dubai Marina and other upscale areas. Indeed, Jumeirah Village Circle holds the title of the 3rd highest selling residential area across the emirate. In this ranking, JVC is only behind Dubai Marina and Downtown areas. Choosing a Property Investment in Jumeirah Village Circle As mentioned, unlike most of Dubai’s other favoured submarkets, JVC offers a very varied choice of asset. It comprises thousands of residential properties, including multi-family and private homes, at various stages of development. Moreover, there are plans for over 180 residential and commercial complexes and hotels currently in progress. According to the analytical portal, Lookup, nearly a quarter of Jumeirah Village’s land remains available for future development, hinting at exciting new projects on the horizon. Investors in JVC can explore various property options, from studio apartments to spacious villas. Studio apartments between 450 sq.ft. and 560 sq.ft. tend to be the easiest to let and thus generate regular yields from. Additionally, off-plan opportunities are available, with approximately 1,000 new units set to be sold this year. JVC RENTAL MARKET Like with much of Dubai property investment, it is hard to separate the appeal of Dubai’s lifestyle from the ROI; the lifestyle drives the demand for property and tenancy. As the name suggests, the lifestyle on offer in Downtown Dubai is dynamic and fast-paced. It’s the hub of the emirate’s entertainment and leisure activities, and home to many popular attractions and world-famous landmarks such as Dubai Mall, the Dancing Fountains, and the Burj Khalifa. With so many tourist attractions Downtown is a busy location throughout the year. Downtown is almost equidistant between Dubai International and the Palm, at the northeast end of Sheikh Zayed Road. This location affords close proximity to almost anywhere in Dubai. Investing in JVC property Jumeirah Village Circle (JVC) is a unique circular residential enclave, evident both in its name and on the map, and it is just as unique an investment opportunity. Residential quarters in JVC comprise villas and townhouses, fostering a sense of private ownership and tranquility. Here, you won’t encounter prying eyes, tourists, or bustling promenades. Instead, you’ll find a well-developed recreational and entertainment infrastructure within this urban oasis – and a rich history of strong performance. What is the community atmosphere like in JVC, and how does it cater to different lifestyles? JVC fosters a sense of community with a diverse population, making it inclusive for families, professionals, and individuals. This is in part why occupancy rates are always high. The area’s tranquil environment, coupled with a variety of dining options and community events, creates a vibrant and welcoming atmosphere. FIND YOUR DREAM LUXURY PROPERTY IN DUBAI – Where Dreams Meet Reality! © 2024 Created with LIBERTY LIGHT Facebook-f Tiktok Instagram Discover OFF PLAN Palm Jebel Ali Jumeirah Village Circle Downtown Dubai Developers DAMAC SOBHA REALTY BINGHATTI AZIZI DANUBE PROPERTIES Contacts Sheikh Zayed Rd – near Emirates Tower Metro Station – Trade Centre – Trade Centre 1 – Dubai +971-567 424133 info@libertylightllc.com
Palm Jebel Ali
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Palm Jebel Ali Set to Shine with $1.4 Billion Luxury Villa Development by 2026 Palm Jebel Ali Set to Shine with $1.4 Billion Luxury Villa Development by 2026 November 20, 2024 Palm Jebel Ali: Dubai’s Luxurious Island Retreat Takes Shape with $1.4 Billion Villa Development Dubai’s skyline and coastlines have long been iconic for their extravagant developments, but the latest project on Palm Jebel Ali promises to take luxury living to new heights. Nakheel Properties, the state-owned developer behind some of the world’s most ambitious projects, is forging ahead with a grand vision to transform Dubai’s second palm-shaped island into a haven for upscale living. Palm Jebel Ali, the largest of Dubai’s artificial islands, is poised to become home to 723 luxurious villas, with construction plans that reflect the city’s ongoing property boom. Nakheel has awarded three major contracts, worth a total of AED 5 billion, to renowned contractors—Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction Company. Together, they will develop some of the most expansive and opulent homes in Dubai, set for completion by the end of 2026. Palm Jebel Ali’s Grand Vision: 723 Luxury Villas in Dubai Nakheel Properties, the state-owned real estate giant behind some of Dubai’s most iconic developments, has awarded three major contracts to build 723 luxury villas on Palm Jebel Ali. The total value of these contracts is AED 5 billion, making it one of the most significant real estate projects in Dubai’s recent history. The villas are set to be completed by the end of 2026, marking a pivotal moment in the development of Dubai’s artificial islands. The contractors, including Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction Company, have been selected to bring this extraordinary vision to life. These homes will range in size from 8,000 to 15,000 square feet, offering spacious luxury with 25% of them designed with seven bedrooms, catering to the needs of high-net-worth families seeking privacy and exclusivity. Palm Jebel Ali: The Largest of Dubai’s Artificial Islands As the largest of Dubai’s iconic palm-shaped islands, Palm Jebel Ali is almost twice the size of its sibling, Palm Jumeirah. Originally launched in the early 2000s but halted due to the 2008 financial crisis, the development of Palm Jebel Ali is now moving full steam ahead, fueled by Dubai’s post-pandemic real estate recovery. The development is a major indicator of Dubai’s strong real estate market, which has experienced a resurgence due to rising property values and a growing population. Real estate prices have soared, and international buyers are flocking to the city in search of investment opportunities, further driving interest in Palm Jebel Ali. Why Palm Jebel Ali Is the Future of Dubai Luxury Real Estate Palm Jebel Ali is not only about stunning villas; it’s a comprehensive development designed to enhance Dubai’s status as a global luxury destination. The island will feature 16 fronds, with the newly awarded contracts focusing on the development of the first six. Once complete, Palm Jebel Ali will add over 90 kilometers to Dubai’s coastline, featuring high-end residential areas, hotels, resorts, and leisure destinations. Officials envision Palm Jebel Ali accommodating up to 35,000 families, making it a self-sustained community offering luxury, comfort, and unparalleled convenience. The island will also be home to 80 hotels and resorts, further establishing Palm Jebel Ali as a premier destination for both residents and tourists. Sustainable Living with Renewable Energy One of the key features of Palm Jebel Ali’s development is its commitment to sustainability. A portion of the island’s infrastructure will be powered by renewable energy, in line with Dubai’s broader sustainability goals. This focus on green building practices is a significant factor for buyers and investors who prioritize environmental responsibility alongside luxury. Nakheel Properties and Dubai Holding’s Merger: Strengthening Dubai’s Real Estate Future The revival of Palm Jebel Ali is closely linked to Nakheel Properties’ merger with Dubai Holding, a move that brings together two of the city’s leading real estate developers under one umbrella. This strategic merger is expected to streamline operations and create new synergies, further accelerating the growth of Dubai’s real estate market. The merger includes another prominent developer, Meydan, enhancing Nakheel’s ability to execute large-scale projects like Palm Jebel Ali. Nakheel’s decision to explore the creation of a Real Estate Investment Trust (REIT) will also provide investors with more opportunities to invest in Dubai’s lucrative property market. The REIT will give access to key income-generating properties managed by Nakheel, attracting both international and local investors. How Palm Jebel Ali Will Boost Dubai’s Economy The development of Palm Jebel Ali is set to have a profound impact on Dubai’s economy. Khalid Al Malik, CEO of Dubai Holding Real Estate, noted that the project will attract significant investment, create job opportunities, and drive tourism to the city. With its extensive amenities, luxury villas, and world-class infrastructure, Palm Jebel Ali will contribute to Dubai’s long-term economic growth. Additionally, the project will provide a massive boost to Dubai’s luxury real estate market. As demand for high-end properties continues to rise, Palm Jebel Ali’s villas are expected to attract buyers from around the world, further solidifying Dubai as a top global destination for luxury real estate investment. Palm Jebel Ali: A New Era of Luxury Living in Dubai Palm Jebel Ali is more than just a development; it represents the future of luxury living in Dubai. With its unparalleled location, extraordinary villas, and world-class amenities, the island is set to become one of the most prestigious addresses in the city. Whether you’re an investor looking for prime real estate or a homeowner seeking an exclusive and luxurious lifestyle, Palm Jebel Ali offers a once-in-a-lifetime opportunity. As Dubai continues to grow and evolve, Palm Jebel Ali is at the forefront of a new era in real estate, showcasing the city’s ability to turn visionary projects into reality. This iconic island development will no doubt be a landmark
Takaya at Dubai Motor City
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Takaya at Dubai Motor City | November 23, 2024 Union Properties has launched its new project Takaya at Dubai Motor City, an AED 2 billion development that will change the face of mid-to-high end living in Dubai. This project offers residents a unique living experience, luxury, affordability and community living. Project Overview Takaya at Dubai Motor City is 436,175 sqft, with views of the Dubai Autodrome. 500m retail boulevard. The project has 3 residential towers with 744 luxury apartments. Unit types are studios, 1, 2 and 3 bedroom apartments, penthouses, townhouses and villas. Also, commercial spaces, making it a mixed use investment opportunity. Eng. Amer Khansaheb, CEO and Board Member of Union Properties, emphasized during the official launch event: “We are excited to officially introduce Takaya at Dubai Motor City, reflecting our commitment to innovation, sustainability, and excellence. Our goal is to create a vibrant community with unmatched views of the Dubai Autodrome, setting new benchmarks for urban living.” Premium Amenities Residents of Takaya at Dubai Motor City will enjoy a variety of top-tier amenities designed to enhance their lifestyle: Outdoor sports courtyardsLeisure pool and children’s poolJogging trackKids’ play areaMultipurpose rooms in each towerArcade lounge and cinema/AV roomCo-working spacesRetail outlets and dining establishments150 parking spaces equipped with EV chargers Flexible Payment Plan The development offers a flexible payment plan designed to cater to both investors and end-users. Buyers can pay 60% of the total value over the three-year construction period, with the remaining 40% due three years after handover, providing ample financial flexibility. Real Estate Growth in Motor City Dubai Motor City has witnessed a sharp rise in real estate activity, with strong demand for off-plan projects like Takaya. According to the Dubai Land Department, transactions have surged over the past three quarters, leading to increased property values. With Dubai’s real estate market projected to reach $700 billion by 2024 and $800 billion by 2028, Takaya at Dubai Motor City is poised to benefit from this upward trend. Handover and Future Developments The handover for Takaya at Dubai Motor City is expected in Q4 2027. Union Properties also plans to launch AED6 billion ($1.6 billion) worth of projects in the next 18 months, further contributing to the dynamic growth of the UAE real estate market. FIND YOUR DREAM LUXURY PROPERTY IN DUBAI – Where Dreams Meet Reality! © 2024 Created with LIBERTY LIGHT Facebook-f Tiktok Instagram Discover OFF PLAN Palm Jebel Ali Jumeirah Village Circle Downtown Dubai Developers DAMAC SOBHA REALTY BINGHATTI AZIZI DANUBE PROPERTIES Contacts Sheikh Zayed Rd – near Emirates Tower Metro Station – Trade Centre – Trade Centre 1 – Dubai +971-567 424133 info@libertylightllc.com
Palm Jumeirah
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Investing in Palm Jumeirah Real estate VIEW ALL AVAILABLE PROJECTS Dubai Property Market 38% YOY Property sale volume 0 56% YOY Property sale value (AED) 0 B One of the world’s hottest property markets in recent years Palm Jumeirah, the iconic man-made archipelago extending into the calm blue Gulf waters off the coast of Dubai, has been one of the world’s hottest property markets in recent years. Always one of the most exclusive destinations in Dubai, asking prices and transaction values soared during the pandemic. Now, the Palm Jumeirah market is cooling a little, but most experts predict long-term growth overall and certain sub-sections of the market offer significant potential for new investors in the coming months and years. Palm Jumeirah’s Property Market Performance Palm Jumeirah property statistics for completed 4-bedroom villa properties: The average asking sales price in Palm Jumeirah in March 2023: 24m AED The average transaction sales price in Palm Jumeirah in March 2023: 21m AED The average asking sales price in Palm Jumeirah in March 2023 per sq ft: 3,00 AED The average transaction sales price in Palm Jumeirah in March 2023 per sq ft: 7,000 AED One of the issues facing real estate investors in the short term is that the Palm is the most expensive place to buy property in the whole of Dubai. This is because existing investors and owners have just experienced a 45% capital growth increase over the past year to 18 months. As Covid 19 forced many governments all over the world into imposing lockdowns, the global race for space headed to Dubai. The emirate was swift in its response and vaccine rollout, and subsequently, one of the first economies to bounce back. The Palm was the natural first choice for high-net-worth individuals from all over the globe looking to relocate during the pandemic. Now, the average property price on The Palm is around US $5 million and some of the larger properties – the 5 and 6-bed villas – have been the most in demand. That said, the Palm has a surprising array of property types and some of the less expensive smaller properties, are still exhibiting very strong capital growth. Average capital appreciation in Palm Jumeirah over the past 12 months Palm Jumeirah overall:13.4% capital appreciation Palm Jumeirah 2-bed property: 15.4% capital appreciation Palm Jumeirah 3-bed property: 10.0% capital appreciation How to choose a property investment in Palm Jumeirah Despite the recent focus on larger villas, Palm Jumeirah does offer a strong mix of property types. Investors seeking apartments could look to acquire Shoreline units or units in the Crescent. These are currently the most sought-after locations within the Palm for smaller 1, 2, and 3-bed properties. Investors wishing to acquire villas could first look at Signature Villas and Garden Homes, both of which have been very popular with other buyers recently. Palm Jumeirah real estate outlook What investors find appealing about the Palm market in particular is that it is world-renowned as a destination, and the demand will always be there, yet space is very limited. There was some recent development work on the trunk and selected new properties do become available from time to time, but going forward the vast majority of property transactions on Palm Jumeirah will be acquired on the secondary market. This, coupled, with the finite supply, means price floors are somewhat protected and growth ceilings can be very high – as we have just witnessed. That said, the market has just experienced extraordinary growth, driven by global societal and economic trends, investors should not expect prices to continue to rise at such a pace. PALM JUMEIRAH RENTAL MARKET Making a consistent and strong rental yield from an investment in Palm Jumeirah is not as straightforward as it is in some of the other more mature markets such as Business Bay or Dubai Marina. However, some investors are still recorded very substantial ROI from lettings activities. Obviously, the massive recent capital growth immediately presents a problem for investors seeking to return high yields. The Palm does command some of the highest rents in the whole of Dubai, but average yields now sit at 4% or so. The investors who realise yields far beyond this market average focus their lettings activity on the tourist appeal that the Palm has. If investors are willing to enter the short-term letting market, properties on the Palm can make substantially more rental income. Starting rental values for Palm Jumeirah property Average rental price for Palm Jumeirah properties March 2023: 950,000 AED Average gross yield for Palm Jumeirah properties March 2023: 4% Palm Jumeirah location and lifestyle Many of the world’s rich and famous specifically sought out Palm Jumeirah during and after the pandemic. It offers a lifestyle few other places on Earth can match. Even now, almost 25 years after its launch, the Palm remains one of the only places in Dubai where residents can acquire and live in a property that has access to its own private beach. What is the mix of off-plan and completed properties in Palm Jumeirah? As mentioned, space is limited on the Palm, and the vast majority of construction has been complete for many years. Although, off-plan opportunities are available – some current completion dates extend to Q4 2024 – most properties on Palm Jumeirah are acquired on the secondary market. Is Palm Jumeirah only a tourist destination? Palm Jumeirah is perhaps the most well-known as a leisure and entertainment destination, and it is close to some of Dubai’s most popular and iconic tourist hotels such as the Burj Al Arab and Atlantis, yet it is not only a tourist destination. The archipelago has a very favourable location and residents have access to several of Dubai’s business centres nearby and elite educational institutions. What investment budget do you need to buy property in Palm Jumeirah? Completed 1-bedroom apartments in Palm Jumeirah have
SOBHA HARTLAND
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Investing in Sobha Hartland Real estate VIEW ALL AVAILABLE PROJECTS Dubai Property Market 38% YOY Property sale volume 0 56% YOY Property sale value (AED) 0 B Located within Mohammed Bin Rashid City in Dubai Sobha Hartland is a mixed-use real estate development that covers about 750,000 sq.m and comprises 3 phases. The project is master-planned and developed by Sobha Realty, with final completion scheduled for 2025 through its subsidiary, Sobha Properties Ltd.Owners and investors acquire assets that enjoy an array of amenities such as landscaped walkways, parks and open spaces, swimming pools, tennis courts, a cricket pitch, cafes, hotels, restaurants and shops, schools, spas, and a yoga studio. The wider Mohammad Bin Rashid City project is located close to the Ras Al Khor nature reserve and Sobha Hartlands takes some inspiration from its neighbour as more than 30% of its area has parks and green landscaped spaces, boasting over 300 species of trees and other plants covering an area of 22 hectares. As such, the emergent area is developing a strong and favoured reputation with ex-pats, families and investors. More properties are set to be released into the market over the remainder of the build, but investor demand remains strong with each new release commanding asking prices slightly above the previous. Forecasts predict above-market performance and sustained returns in the short, mid and longer term. Sobha Hartland’s Property Market Performance Sobha Hartland statistics for completed 2-bedroom properties: The average asking sales price in Sobha Hartland in April 2023: 2.1m AED The average transaction sales price in Sobha Hartland in April 2023: 1.7m AED The average asking sales price in Sobha Hartland in April 2023 per sq.ft: 1,800 AED The average transaction sales price in Sobha Hartland in April 2023 per sq.ft: 1,700 AED With many developments still to be completed, Q1 data from 2022, already showed how popular Sobha Hartland property could be in the future. The data revealed Sobha Hartland was the 12th most popular area for real estate sales in the UAE, with a total of 589 property transactions worth AED 1.17 bn. This is impressive considering some sub-markets in Dubai are almost 25 years older and substantially more mature. Furthermore, at the time, much of the availability was yet to be released. As mentioned, throughout the off-plan and build period, properties have accumulated capital value and the secondary market is already active. It is noteworthy that much of the entire area is still under construction, and upon completion, the capital value of properties in Sobha Hartland is expected to increase, while higher rents could result in a rise in rental yields. Average capital appreciation in Sobha Hartland over the past 12 months Sobha Hartland overall: 2.1% capital appreciation Sobha Hartland 2-bed property: 6.36% capital appreciation How to choose a property investment in SOBHA HARTLAND As a vast masterplan development, there’s a wide variety of property available to investors in Sobha Hartland. The mixed-use development covers 8 million sq.ft and is being constructed in 3 phases. The impressive array of residential options includes: Freehold studios, 1, 2 & 3-bedroom apartments Duplexes Townhouses 4, 5, & 6-bedroom villas As mentioned, the entire community is surrounded by 22 hectares of greenery, which includes over 300 species of plants and trees, accounting for 30% of the entire project. This also naturally offers price-point variety between different plots and phases as some units incorporate better positions and views of the lush landscape. The older more established property in Sobha Hartland Greens was launched around 2016 and consists of 16 eight-storey apartment buildings and a 14-storey twin-tower apartment complex. Sohba Hartland also features around 80 townhouses known locally as Quad Homes due to being diagonally adjacent to their neighbours. It is also worth investors noting that as a mixed-used space, not all the property is developed by Sohba Realty. Some individual plots have been sold to other developers, particularly in the villa market. As an overview, investors should note the Hartland Estates residential complex presents luxurious 4- and 5-bedroom villas, Gardenia Villas are 2-story 4-bedroom villas featuring a dressing room and servants quarters, a private garden and a terrace, and Forest Villas include 4- and 5-bedroom units located in a gated community. There are also 23 unique Waterfront Villas located next to the Dubai Water Canal, which incorporate a courtyard, a swimming pool, and a terrace. SOBHA HARTLAND RENTAL MARKET Sobha Hartland is already home to more than 2,200 families. With a projected 3000 residences set to be sold in the coming 12-month period. As such, the community is expected to experience a surge in population, with over 6,000 families expected to call it home by 2025. Its strategic location, near Downtown Dubai, major business hubs, and the Ras Al Khor Wildlife Park, extra space, and high-end lifestyle will ensure that rental properties here will always be in high demand among tourists and locals alike. Starting rental values for Sobha Hartland property: Average rental price for Sobha Hartland properties March 2023: 105,000 AED Average gross yield for Sobha Hartland properties March 2023: 5% SOBHA HARTLAND REAL ESTATE OUTLOOK Most Dubai properties are predicted to perform well in the short to medium term. Bought by one of the world’s strongest economies and state-backed initiatives to further increase the size of the expat population, real estate in the emirate is expected to outperform most major prime property markets. This is particularly true as most of its global alternatives are much more reliant on the mortgage market – and rising interest rates are already dampening demand. Sobha Hartlands may be one of the locations to see values rise the most in the long-term too, especially as nearby Mohammed Bin Rashid City grows in size and prominece. Investors should be wary that Mohammed Bin Rashid City will be the site of much of the new property coming onto the market in the coming years, but the
DOWNTOWN DUBAI
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Investing in Downtown Dubai VIEW ALL AVAILABLE PROJECTS Dubai Property Market 38% YOY Property sale volume 0 56% YOY Property sale value (AED) 0 B Downtown Dubai is the quintessential Dubai property investment location It is home to the world’s tallest building, the Burj Khalifa, and for many years, the emirate’s biggest property returns, so it is easy to forget that Downtown is actually one of the smallest submarkets in the whole of Dubai. The finite, space-limited nature of Downtown is partly responsible for the cooling of price rises recently – demand for properties here was so high, asking prices outpaced the rest of the emirate for many years. Now values remain high and many new investors have turned their attention to slightly less sought-after locations, such as the nearby Business Bay. That said, the prestige of Downtown alone always ensures there is a strong investment demand for properties here. Downtown Dubai is the quintessential Dubai property investment location Downtown Dubai property statistics for completed 2-bedroom properties: The average asking sales price in Downtown Dubai in March 2023: 3.3m AED The average transaction sales price in Downtown Dubai in March 2023: 3m AED The average asking sales price in Downtown Dubai in March 2023 per sq ft: 2,500 AED The average transaction sales price in Downtown Dubai in March 2023 per sq ft: 2,200 AED Although dominated by the Burj Khalifa and numerous other spectacular skyscrapers, the market in Downtown is more diverse than most of the prime investment locations in Dubai. Here, investors can acquire luxurious apartments, more affordable apartments, townhouses and villas in the low-rise Old Town residential retreats. Despite the iconic urban vista, many of these Arabian-inspired complexes are surrounded by lush gardens and offer a very tranquil lifestyle. Average capital appreciation in Downtown Dubai over the past 12 months Downtown Dubai overall: 6.01% capital appreciation Downtown Dubai 2-bed property: 6.0% capital appreciation Downtown Dubai 3-bed property: 13.66% capital appreciation HOW TO CHOOSE A PROPERTY INVESTMENT IN DOWNTOWN DUBAI Downtown has some of the most diverse property types in the whole of Dubai. Investors seeking regular yields tend to acquire properties popular with young ex-pats. In Downtown, this usually means studio apartments between 450 sq. ft. and 560 sq. ft. However, investors can find value across the apartment market – in fact, Downtown has some of the largest and most luxurious penthouses in the whole of Dubai. Even though it is one of the more mature submarkets in the emirate, there are still plenty of off-plan opportunities. Around 1,500 new units will be sold to investors this year. DOWNTOWN DUBAI RENTAL MARKET According to the Reuters data published in the final quarter of 2022, property prices in Dubai are expected to rise by 3% on average over the course of 2023.This is somewhat slower than the past 2 years but still represents some of the highest ROI from any prime real estate market over a 12-month period that is expected to be full of economic turbulence. Beyond that, the mid to long-term future of Dubai property investment looks bright. Investors are encouraged by expert predictions that this third cycle will be much more sustained and robust than in the past, as both the real estate market and the wider economy in Dubai show signs of maturity. The UAE has been singled out as the world’s most favoured foreign direct investment location with governments, companies and high-net-worth individuals from Europe, Asia and the United States keen to acquire assets and infrastructure in Dubai and the other emirates. Downtown will always be at the heart of Dubai’s real estate activity. DOWNTOWN DUBAI LOCATION AND LIFESTYLE Like with much of Dubai property investment, it is hard to separate the appeal of Dubai’s lifestyle from the ROI; the lifestyle drives the demand for property and tenancy. As the name suggests, the lifestyle on offer in Downtown Dubai is dynamic and fast-paced. It’s the hub of the emirate’s entertainment and leisure activities, and home to many popular attractions and world-famous landmarks such as Dubai Mall, the Dancing Fountains, and the Burj Khalifa. With so many tourist attractions Downtown is a busy location throughout the year. Downtown is almost equidistant between Dubai International and the Palm, at the northeast end of Sheikh Zayed Road. This location affords close proximity to almost anywhere in Dubai. What is the mix of off-plan and completed properties in Downtown Dubai? Downtown Dubai’s property market is predominately completed properties, but there is also a significant volume of off-plan opportunities. As you would expect, Downtown Dubai’s off-plan market is at the higher end of the price scale with average transaction values for 2022 at 2.7m AED – around 2,265 AED per sq. ft. according to the Dubai Land Department. IS DOWNTOWN DUBAI GOVERNMENT-OWNED? Downtown was developed by Emaar Properties. This largely state-owned company was created in 1997 initially and specifically for the development of the area. However, all units are fully owned by the buyer and Downtown has been declared a freehold region of the UAE for many years. What investment budget do you need to buy property in Downtown Dubai? Completed studio apartments in Downtown Dubai have been acquired from as little as 625,000 AED in the past 12 months. However, Downtown is widely viewed as one of the most prime markets in the whole of Dubai and for the past few years, average prices have only been surpassed by those in the Palm. FIND YOUR DREAM LUXURY PROPERTY IN DUBAI – Where Dreams Meet Reality! © 2024 Created with LIBERTY LIGHT Facebook-f Tiktok Instagram Discover OFF PLAN Palm Jebel Ali Jumeirah Village Circle Downtown Dubai Developers DAMAC SOBHA REALTY BINGHATTI AZIZI DANUBE PROPERTIES Contacts Sheikh Zayed Rd – near Emirates Tower Metro Station – Trade Centre – Trade Centre 1 – Dubai +971-567 424133 info@libertylightllc.com
Dubai Marina
Meet The Team Developers News & Insights Home About Us Projects Contact Us X Request a callback Investing in DUBAI MARINA VIEW ALL AVAILABLE PROJECTS Dubai Property Market 38% YOY Property sale volume 0 56% YOY Property sale value (AED) 0 B One of the most established and popular investment locations in the whole of Dubai Investors have been acquiring assets in this exciting waterway-centric part of the emirate since the onset of the Gold Rush – when international purchases were sanctioned – almost over two decades ago. Ever since the introduction of that foreign ownership decree, Dubai Marina investors have enjoyed some of the world’s biggest annual capital appreciation returns. It’s true that like Dubai in general, and every other property market in the world, the past 20 years haven’t been without some downturns and cyclical performance, but on the whole investment in Dubai Marina has offered strong ROI. And it looks like property investment in the marina has a bright future too. FIND YOUR DREAM LUXURY PROPERTY IN DUBAI – Where Dreams Meet Reality! © 2024 Created with LIBERTY LIGHT Facebook-f Tiktok Instagram Discover OFF PLAN Palm Jebel Ali Jumeirah Village Circle Downtown Dubai Developers DAMAC SOBHA REALTY BINGHATTI AZIZI DANUBE PROPERTIES Contacts Sheikh Zayed Rd – near Emirates Tower Metro Station – Trade Centre – Trade Centre 1 – Dubai +971-567 424133 info@libertylightllc.com
