Dubai’s real estate market is always in the limelight, and if you are thinking of yourselves as the new entrants, then 2024 may be the right time for you.
Why?
Well, off-plan projects are now trending, there are some really good opportunities out there that you would not wish to let go of.
Just think of investing in a property that not only is an assured good return on investment, but also comes with a bonus, the early bird catches the worm factor.
You get a chance to invest or own a home before people even get a clue of the existence of such property.
If it is a life of glamour and elegance in one of the UAE’s most prestigious buildings or the perfect environment for your children in one of the city’s neighbourhoods or even seeking an opportunity to make a wise investment in an off-plan property, Dubai has it all.
In this article, let us take a closer look at some of the most promising off-plan projects that will shape 2024, namely those projects that provide residents with comfort and security, as well as stunning design, possible at the moment, and a reasonable return on investment for families with children.
Sobha Elwood
Sobha Elwood aims at the consumers who want to combine the comfort of the contemporary urban house with the possibility of being within the zone of nature’s influence.
Due to the excellent investment returns and rental yields that can be derived from it, especially because of its strategic locations about some of the best schools and business centres, this segment becomes a target for investors, young employees and families.
- Sobha Elwood is a luxurious development located in Sobha Hartland, MBR City. It has been developed by Sobha Realty.
- It comprises luxurious villas thus making it a perfect holiday destination for investors as well as families.
- Price starts from AED 7.9 million,
- Garden and outdoor spaces, swimming and tennis and racquet clubs, exercise rooms, clubhouses and many more are available to its residents to increase the quality of their stay.
- The estimated time of completion is Q4, 2026 and with affordable flexible payment options for every type of customer.
- Sobha Elwood’s Unique Selling Propositions include the school’s proximity to downtown Dubai, superior finish, sustainability certified building
Damac Violet 3
This project has property options that are especially targeted at professionals and business people and investors with aspirations of living in a classy lifestyle yet affordable units.
This is well situated with basic amenities and major places of interest in Dubai hence it stands well flavoured with high rental yield and high capital appreciation when let in the long-run.
The offer that the project brings with it to Damac Hills is its USP of greenery and diversions which makes it most suitable for those who would like to be in touch with the city but also be surrounded by big tracts of greenery and fun.
- Being the most recent project in the Damac Properties collection, Damac Violet 3 is situated in the highly desirable area of Damac Hills.
- This project comprises classy flats and townhouses.
- Price starts from AED 1.9 million
- Recreational facilities include the golf courses, sports grounds and tracks, fitness and health clubs, a retail promenade.
- Set for completion by Q3 2025, Damac Violet 3 is a perfect mix between luxury and functionality
- Affordable payment structures that make owning it easier.
The Acres Phase 2
Meraas Holding developed The Acres Phase 2 with luxury living at its core. It offers exclusive 5, 6, and 7 bedroom mansions and villas. This development is a premium one that fosters sophisticated lives that combine modern architecture with tranquillity in nature.
The surrounding greenery creates a tranquil atmosphere that is ideal for outdoor pursuits and wellness. Pedestrian routes and recreation sites offer residents a perfect mix of urbanization and the beauty that nature offers.
- Prices of the 5-bed villas start from AED 10,000,000 and are built with families and sophisticated investors in mind.
- Prices of the 5-bed mansions start from AED 13.5 million and are built with families and sophisticated investors in mind.
- The Acres Phase 2 boasts of large well-proportioned, high-end and well-finished villas in line with Emaar’s standard.
- It is located close to Downtown Dubai and Dubai International Airport; thus, ensuring connectivity.
- The Acres Phase 2 at Dubailand features multiple themed gardens such as Lagoon themed garden, Nature garden, and so on.
- Its completion is expected by October 2028
Emaar Address Residences
Emaar Address Residences are a new luxury waterfront home in the heart of Dubai Creek Harbour. This collection includes 1, 2, and 3 bedroom luxury apartments that will soon gain you respect among your friends. This address is perfect for any type of person, whether you’re a sports athlete or a businessman.
This address perfectly defined the lifestyle that you wanted and belonged to. It addresses a unique identity. The project offers a wide range of amenities that will meet your daily needs and create a relaxing environment where you can explore.
- Prices of the 1-bed apartment starts from AED 1,900,000.
- Prices of the 2-bed apartment and 3-bed apartment starts from AED 3,500,000 and AED 4,500,000 respectively.
- The residences are planned in Dubai Creek Harbour with an Arabian Gulf View.
- Key amenities include pool, gym, kids play area, spa and sauna, supermarkets, and so on.
- The construction is expected to be completed only by Q3 of the year 2029.
Comparing the projects
Sobha Elwood and The Acres Phase 2 is located in a green and family-oriented area; on the other hand Damac Violet 3 as well as Emaar Address Residences seems to target the urban-related customer segment.
While Sobha Elwood and The Acres Phase 2 are built on principles of providing large and quiet residences, suitable for families, Damac Violet 3 is differentiated in the pricing strategy and offers rich opportunities that might interest young professionals.
Emaar Address Residences offers luxury serviced apartments to the ones with high net worth and offers prime location in Downtown and access to five-star services.
Damac Violet 3 is on the lower level of prices, and, on the opposite, Emaar Address Residences is significantly higher to compensate for the location.
Conclusion
Well, there you have it – Dubai’s off-plan projects for 2024 cover areas as diverse as the city itself.
Regardless of whether you’re dreaming of a peaceful abode in Sobha Elwood or The Acres Phase 2, or you’re enticed by the utility-packed Damac Violet 3, there’s always something for you.
And if spectacular living with stunning vistas in the select precinct of Downtown is what you crave for, then Emaar Address Residences could well be your destiny.
Whether you like commercial or residential work more, there is much room here for both, and making new investments in current pieces and future developments in Dubai is the best opportunity at the moment.
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