Price vs Value: Comparing Dubai off-plan properties for Indian investors – Zee Business

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The off-plan property sector in Dubai’s real estate market is a flourishing attraction for foreign investors, providing interesting prospects. Due to Dubai’s advantageous location, developing economy, and solid India-UAE connections, a sizable and growing portion of this market consists of Indian investors.

A Note on Market Fluctuations: This article uses data and project information current as of Q1 2024 from Bayut.com (a leading UAE real estate portal that allows users to search extensively for properties, including off-plan listings, and provides detailed project overviews) and other sources. It’s important to remember that real estate markets can fluctuate, so completion dates and prices may change throughout the construction process.


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What are off-plan projects in Dubai?

Off-plan properties in Dubai are residential or commercial units acquired straight from the developer prior to completion, or even before construction starts. When choosing an investment, buyers usually consult floor plans, brochures, and marketing materials. Off-plan purchases often include an initial down payment and a series of payments based on building progress. In addition to longer payment terms and cheaper entry costs, this method of purchasing real estate often provides the chance for considerable gain as the project approaches completion.

Top Off-Plan Apartments in 2024

Como Residences, Palm Jumeirah

This project by Nakheel offers a taste of island luxury living. Apartments ranging from 2 to 7 bedrooms with 2 BHK starting from AED 20,978,000 (approx. Rs 47.63 crore) according to Bayut’s guide, with completion expected in Q3 2027. Como Residences is ideal for investors seeking high-end rental income or a luxurious future residence. The Palm Jumeirah location offers a unique lifestyle experience with stunning views and high-end amenities.

Payment Plan:

  • A 20 per cent down payment is required to reserve a unit.
  • During construction, 60 per cent of the total price must be paid.
  • Upon project completion, the remaining 20 per cent will be paid.

Jomana, Madinat Jumeirah Living

This project by Dubai Properties offers a variety of apartments in a sought-after location. Units range from 1 to 4 bedrooms with prices starting from AED 1,976,000 (approx. Rs 4.48 crore) for completion in May 2026 according to Bayut’s guide. Jomana caters to a broad range of investors. Its proximity to Madinat Jumeirah resorts and easy access to the beach make it ideal for both rental income and owner-occupation, particularly for families seeking a vibrant community environment.

Payment Plan:

  • A 20 per cent down payment is needed at the time of booking.
  • 10 per cent at each stage of construction.
  • The last 30 per cent must be paid at the time of handover.

Burj Binghatti Jacob & Co Residences, Business Bay

This project aims to redefine luxury living, offering a limited number of ultra-high-end residences. 2 and 3-bedroom apartments, 5 and 7-bed penthouses, and 4 and 6-bed mansions with private pools. Anticipated completion in Q2 2026 according to Bayut’s guide. The prices start from AED 8,200,000 (approx. Rs 18.62 crore). The Burj Binghatti is strictly for investors seeking exclusive, top-tier residences with the highest price points. Potential for appreciation due to its unique design and hyper-luxury positioning.

Payment Plan:

  • The 70/30 payment plan for the Burj Binghatti requires customers to pay 70 per cent of the entire cost during construction. The remaining 30 per cent is required upon completion.

Top Off-Plan Villas/Townhouses in 2024

Expo Valley, Expo City Dubai

This project by Emaar offers sustainable living in a community focused on well-being. Expo Valley offers 3 to 5-bedroom villas, duets, and townhouses starting from AED 3,400,000 (approx. Rs 7.72 crore), with completion in Q4 2025 according to Bayut’s guide. Eco-conscious investors with families seeking a healthy, active lifestyle and convenient access to Dubai will find value in Expo Valley.

Payment plan:

  • Book with a non-refundable fee.
  • 10 per cent at each stage of construction.
  • Final 50 per cent at the time of handover.

Lanai Island, Tilal Al Ghaf

Lanai Island by Majid Al Futtaim delivers high-end villas in a nature-focused setting. 6-8 bed spacious villas with multiple floors and private amenities, starting around AED 64,000,000 (approx. Rs 145.3 crore) for completion in 2026 according to Bayut’s guide. Lanai Island caters to those seeking exclusive living, tranquillity, and expansive private areas, with a location that promises high price appreciation potential.

Payment Plan

  • Lanai Island, Tilal Al Ghaf’s official payment plan has not yet been revealed. According to third parties, the payment schedule is 50/50, with the buyer paying a 10 per cent down payment upon booking. During construction, 40 per cent of the entire cost must be paid. Upon completion, the last 50 per cent settlement is required.

Sobha Reserve, Dubai Festival City

Sobha Reserve provides ultra-luxury, spacious villas in a central location. 4 and 5-bedroom villas starting from AED 7,500,000 (approx. Rs 17.03 crore) with projected completion in June 2026 according to Bayut’s guide. Perfect for those desiring a lavish lifestyle with a prestigious address. The proximity to Dubai Festival City and Downtown Dubai means convenient access to a plethora of leisure and entertainment options.

Payment Plan:

– Sobha Realty has not yet disclosed the official payment schedule for Sobha Reserve. Interested purchasers might explore third-party investment opportunities. 10 per cent is due at the time of booking. During construction, seven 10 per cent instalments totalling 70 per cent of the total must be paid. After completion, the last 20 per cent payment is payable.

Important Cautions & Considerations

Potential Delays: Even while developers strive to adhere to schedules, delays in development are inevitable. Recognize the safeguards offered to off-plan purchasers, including escrow account use and RERA (Real Estate Regulatory Agency) protections.

Due Diligence: Extensive investigation is necessary. Examine the developer’s past performance, speak with real estate agents knowledgeable about off-plan requirements, and, if needed, seek legal counsel.

Market Shifts: The real estate market is unstable. Although well-informed research offers valuable insights, pricing and investment returns are subject to change. Add a margin of volatility as projects get closer to completion.

Conclusion

Indian investors might find plenty of opportunities in Dubai’s off-plan market if they approach it strategically. The projects mentioned in this article are a good place to start your research. It is important to keep in mind that consulting with real estate experts who specialise in off-plan homes can greatly improve your decision-making.

Frequently Asked Questions

FAQ 1: What are the main benefits of buying off-plan property in Dubai for Indian investors?

Answer: Potential for lower initial purchase prices, flexible payment plans offered by developers, and the possibility for significant price appreciation before the project’s completion.

FAQ 2: Are there any specific protections for Indian investors buying off-plan in Dubai?

Answer: Yes. Regulatory bodies like RERA (Real Estate Regulatory Agency) oversee and protect off-plan buyer interests. Additionally, developers are often required to use escrow accounts to safeguard buyer funds during the construction process.

FAQ 3: What are the typical payment plans for off-plan properties in Dubai?

Answer: Payment plans vary, but usually involve a down payment (5-20 per cent), instalments during construction, and a larger portion upon handover. It’s essential to understand the payment terms and any associated fees before signing a contract.

Disclaimer: This article provides insights, not investment advice. Conduct thorough research before any off-plan purchase.

(This article is part of IndiaDotCom Pvt Ltd’s Consumer Connect Initiative, a paid publication programme. IDPL claims no editorial involvement and assumes no responsibility, liability or claims for any errors or omissions in the content of the article. The IDPL Editorial team is not responsible for this content.)

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