Dubai’s real estate market has remained a top draw for investors worldwide, and there are many reasons for the appeal. The city’s strategic geographic location, politically stable and secure atmosphere, tax-free investment environment, world-class amenities and infrastructure, and various progressive government initiatives make Dubai a premium real estate investment destination. And, like the preceding years, 2024 is abuzz with new and exciting off-plan projects in Dubai. These ambitious off-plan Dubai projects are aesthetically appealing and promise premium amenities, including high returns on investment (ROI). Investors have a range of choices, from luxury off-plan villas in Dubai to trendy off-plan apartments in Dubai to secure properties at pre-completion prices.
This article examines some of Dubai’s top off-plan developments for 2024 and provides information on ongoing projects, pricing, payment plans, and ROI expectations.
Dubai’s Real Estate Market Strength in 2024
Dubai’s real estate market performed strongly in 2024, with the contributing reasons being continuing strong investor demand, increased government support, and ongoing infrastructure expansion. The city’s growing appeal as a global business and tourism destination has seen strong demand for residential and commercial developments, including off-plan projects in Dubai. Moreover, DXB off-plan investments have become more appealing thanks to the Dubai 2040 Urban Master Plan and other initiatives that promote luxury with sustainable living.
Dubai’s real estate market has reported record-breaking sales in the past year. This growth is led by premium Dubai Marina off-plan developments and emerging communities such as JVC off-plan projects. Furthermore, Dubai’s off-plan property investment has become all the more attractive for investors worldwide, thanks to high rental yields and tax-free returns.
Why Now is the Time to Invest in Off-Plan
The year 2024 presents itself as highly conducive to investing in Dubai’s off-plan properties. As an investor, you should grab this golden opportunity after considering the following factors:
- Attractive Payment Plans: Flexible payment plans offer, enabling investors to pay in installments and lightening their financial burden. Hence, with lower upfront costs comes better cash flow, making investing in off-plan Dubai projects more accessible and appealing.
- High ROI Potential: Capital appreciation from Dubai’s off-plan properties has always remained healthy, thanks to the city’s burgeoning population and continuous demand for housing. Hence, high returns are expected from premium off-plan projects in Dubai, such as Dubai Hills, Dubai Marina, and Downtown Dubai.
- Government Initiatives and Residency Options: Dubai’s government continues introducing investor-friendly initiatives such as long-term visas and favorable regulatory support, which helps create a safe and profitable investment environment.
- Luxury and Innovation at Competitive Prices: Dubai’s off-plan market continues introducing new projects with ultra-modern designs, eco-friendly infrastructure, and world-class amenities. These projects are usually offered at pre-completion prices, which enable investors to avail of considerable discounts.
- Expo 2020 Legacy and Economic Growth: Expo 2020’s legacy and various ongoing infrastructure developments are further enhancing Dubai’s profile as a global investment destination. As the city’s stature grows, buying off-plan gives access to more such properties in a burgeoning market.
Therefore, these favorable conditions make 2024 an ideal period for Dubai off-plan property investment, offering investors a unique opportunity to maximize returns with minimal upfront investment.
Some Top Off-Plan Projects in Dubai 2024
Based on their prices, payment plans, expected ROI, and key highlights, below is a list of some best off-plan projects in Dubai for 2024.
1. Emaar Beachfront – Marina Vista
- Overview: A high-end waterfront development located on a private island between Dubai Marina and Palm Jumeirah. This is an exclusive project featuring apartments with 1-4 bedrooms. The Arabian Gulf and Dubai Marina skyline views from the location are simply stunning.
- Prices: Starting from AED 1.5 million.
- Payment Plan: 80% will be paid during the construction phase, and the remaining 20% will be paid during handover.
- Expected ROI: 8-10%.
- Key Highlights: The apartments have access to 750 meters of private beach. The development is a short distance from Dubai Marina, Palm Jumeirah, and major attractions. Residents can access an infinity pool, a cutting-edge fitness center, recreational facilities, and various shopping and dining options.
2. Sobha Hartland – Greens Villas
- Overview: Located in Mohammed Bin Rashid City (MBR City), these spacious, modern villas emphasize lush landscapes, contemporary architecture, and a family-friendly atmosphere just a few minutes’ drive from Downtown Dubai.
- Prices: Starting from AED 2.8 million.
- Payment Plan: 60% during the construction phase and 40% post-handover.
- Expected ROI: 7-8%.
- Key Highlights: The development covers 8 million square feet and is surrounded by parks, tree-lined walkways, and landscaped gardens. The villas showcase private pools, landscaped backyards, and access to community amenities such as gyms, swimming pools, retail shops, and international schools.
3. DAMAC Lagoons – Malta Cluster
- Overview: This project is inspired by the vibrant architecture of the Mediterranean region, especially Malta, and offers a resort-style community. The units are 4- and 5-bedroom townhouses surrounded by crystal-clear lagoons, water-inspired amenities, and spectacular landscapes.
- Prices: Starting from AED 1.3 million.
- Payment Plan: 70% at construction time and 30% upon completion.
- Expected ROI: 8%
- Key Highlights: The turquoise lagoons offer swimming and kayaking activities, while the white sand beaches and lush greenery encourage walks in natural surroundings. Water-inspired facilities and a virtual reality park are some of the Malta cluster’s key attractions. Accessing key areas such as Dubai Marina and Downtown Dubai is effortless.
4. Dubai Hills Estate – Golf Grove
- Overview: Golf Grove is a gated, family-friendly villa community alongside a championship golf course in Dubai Hills Estate. The villas include 3- and 4-bedroom units featuring modern designs, spacious layouts, and large windows that allow in maximum natural light and enable stunning views of the surrounding greenery.
- Prices: Starting from AED 3 million.
- Payment Plan: 40% during construction and the remaining 60% post-handover.
- Expected ROI: 6-7%.
- Key Highlights: The villas offer picturesque Dubai Hills Golf Course views. The amenities include walking and cycling paths, a fitness center, a swimming pool, and playgrounds. Residents can quickly access Downtown Dubai, including Dubai Hills Mall, world-class schools and healthcare facilities. The villas feature energy-efficient systems and modern finishes, with a strong commitment to sustainability.
5. Tilal Al Ghaf – Elan Townhouses
- Overview: This nature-inspired community blends comfort, luxury, and sustainability. This family-friendly neighborhood offers 3- and 4-bedroom townhouses amid lush greenery, parks, and crystal-clear lagoons. The homes are designed to highlight their eco-friendly features and have resort-like amenities.
- Prices: Starting from AED 1.2 million.
- Payment Plan: 50% during the construction phase and the remaining 50% on completion.
- Expected ROI: 8-9%
- Key Highlights: Residents can access a captivating lagoon with white sand beaches. Water activities, including kayaking and beachside relaxation, are among the favorite pastimes here. Besides a sprawling community center, there are swimming pools, fitness facilities, playgrounds, jogging and cycling routes, and lush parks. Elan is only a few minutes’ drive from Downtown Dubai and Dubai Marina.
6. Jumeirah Village Circle (JVC) – Belgravia Square
- Overview: This property is a chic, modern residential development that combines luxury and comfort in a family-friendly community. Belgravia Square features spacious studios and 1- and 2-bedroom apartments with exquisite finishes and modern architecture.
- Prices: Starting from AED 950,000
- Payment Plan: 50% at the construction phase and 50% post-handover.
- Expected ROI: 7-8%.
- Key Highlights: The homes feature sleek, minimalistic designs, double-height lobbies, custom artwork, and spacious interiors. Amenities include a resort-style pool, fitness center, children’s play area, and beautifully landscaped gardens. Belgravia Square offers easy access to Dubai Marina, Downtown Dubai, and major highways.
Concluding Market Outlook and Investment Recommendations
The 2024 market for off-plan Dubai projects remains robust, with strong investor demand, high rental yields, and government initiatives supporting the growth. If you want to diversify your portfolio, these new off-plan projects in Dubai offer lucrative options. You can maximize returns by investing now in strategic locations and under flexible payment plans. Partner with MBR Properties to give yourself an edge, as we have exclusive project access, direct developer prices, and can provide personalized investment advice.
MBR Properties has an impressive track record in Dubai off-plan property investment, offering unparalleled expertise in finding high-return projects such as Emaar off-plan projects Dubai and off-plan townhouses Dubai.
Contact MBR Properties today for exclusive off-plan opportunities and expert guidance.
Phone: (+971) 52 341 7272 (For enquiries)
Email: [email protected]
