The under-construction real estate market in Dubai is witnessing remarkable growth, whether for sale or investment. This field also attracts many investors from all over the world, due to the promising opportunities and lucrative returns it offers.
- Dubai includes a variety of properties, some of which have been built or are still off-plan, and are in demand by customers. Many of them want to buy a property under construction and complete its preparation and final finishing under the personal supervision of the buyer.
Often, non-ready properties are cheaper than others and are therefore suitable for those with a limited budget. In light of what we mentioned, we will provide you through this article with the most important information about the best properties under construction in Dubai for sale. We will also review the advantages of purchasing under-construction properties and the purchasing steps in detail.
Advantages of investing in under-construction real estate in Dubai
Investing in under-construction real estate in Dubai is characterized by many important advantages, as follows:
- Lower prices: Under-construction properties are usually sold at cheaper prices than ready properties.
- Flexible payment options: Many real estate developers offer easy payment plans to buyers, which include small initial payments and monthly payments over extended periods of time.
- Real estate financing: Many banks provide real estate financing services to complete the cladding work for non-ready properties under specific conditions and easy installments.
- Possibility of customization: Some real estate projects may allow for customization of the property according to the buyer, such as choosing finishes and colors.
- Maintaining the market value of the property: The value of the real estate in Dubai is expected to rise in the long term, which means that the buyer will inevitably make a large profit when selling his under-construction property after its completion.
- Rental income: The buyer can rent out his under-construction property after it is furnished, which provides him with regular passive income.
How to buy an under-construction property in Dubai
Buying an off-plan property in Dubai is a great investment, so it is important to follow certain steps to ensure a smooth and safe purchasing process as follows:
- Determine your budget: Before you start looking for your future property, it is important to determine your budget and determine how much you are willing to spend on the property.
- Choose the location of the property: Select the area in Dubai where you would like to live or invest. You should also take into consideration the ease of access to the property area, services, facilities, and surrounding areas.
- Look for real estate developers: It is very important that you look for a reliable real estate development company in Dubai, which has a proven track record in completing real estate projects with high quality and in a short time.
- Contact online real estate sites: You may find your application through one of the real estate sites online, the most prominent of which is Alaaqari.com.
- Compare off-plan property options: Compare different off-plan property projects in terms of prices, features, amenities, and payment plans.
- Explore the property: Visit the property to get a personal impression of its structure and surrounding facilities.
- Sign the purchase contract: After finding your desired property, you will need to sign the purchase contract with the real estate developer. Make sure you read the contract carefully and understand it before signing it.
- Complete the payment and purchase process: Under construction property contracts usually require a down payment upon signing the contract. You can also make the remaining payments to the real estate developer according to a schedule specified in the contract.
The best under-construction real estate and projects real estate in Dubai
Determining the best projects and properties under construction in Dubai depends on the client’s needs, budget, and investment goals. However, here are several distinguished projects for the year 2024 available through Alaaqari website as follows:
Studio for sale in Dubai, Jumeirah Lakes Towers area
- Offer Description: A studio for sale with a private pool, with a 20% down payment and an excellent return on investment.
- Property location: Jumeirah Lakes Towers area on Al Khail Road – Dubai.
- Property area: 30 square meters.
- Property type: studio.
- Property status: Under construction, available for sale.
- Number of rooms: bedroom + room.
- Number of bathrooms: 1 bathroom.
- Payment pattern: 20% down payment – 50% over 3 years before receipt during construction – 30% after receipt over 30 months in installments with the developer without interest, 1% per month.
One-bedroom apartments with a lounge for sale in Dubai under construction
- Description of the offer: 1-bedroom apartments with lounge for sale in Dubai, in the Jumeirah Lakes Towers area, with a 20% down payment.
- Property location: Jumeirah Lakes Towers area – Dubai.
- Property area: 700 square meters.
- Property type: residential apartment.
- Property status: Under construction for sale.
- Number of rooms: 1 bedroom + 2 rooms.
- Number of bathrooms: 2 bathrooms.
For Sale 1-bedroom apartment with a living room with only a 20% down payment
2-bedroom apartment, a living room, and an indoor pool for sale
- Description of the offer: A two-bedroom apartment with a living room and an indoor pool for sale in the Jumeirah Lake Towers area, with only a 20% down payment.
- Property location: Jumeirah Lakes Towers area – Dubai.
- Property area: 80 square meters.
- Property type: residential apartment.
- Property status: Under construction for sale.
- Number of rooms: 2 bedrooms + living room.
- Number of bathrooms: 2 bathrooms.
For Sale 2-bedroom apartment with a living room and indoor swimming pool
3-bedroom apartment for sale in Dubai, under construction
- Description of the offer: For sale, a 3-bedroom apartment, a living room, and an indoor pool in the Jumeirah Lake Towers area, with only a 20% down payment.
- Property location: Jumeirah Lakes Towers area – Dubai – UAE.
- Property area: 110 square meters.
- Property type: residential apartment.
- Property status: For sale, under construction.
- Number of rooms: 3 bedrooms + living room.
- Number of bathrooms: 3 bathrooms.
With this amount of information, we come to the conclusion of our article, In which we have attached to you the best under-construction real estate in Dubai for sale. We also reviewed how to buy a property under construction in Dubai, mentioning the advantages of investing in them and the most important real estate projects available in the emirate.
