The Best Off-Plan Apartment Buys in Dubai today (Sep 2016)

September 26 2016
By Lookup.Ae Sales

In this article, we explore various off-plan apartment projects across freehold Dubai which we believe offer exceptional value for investors.


Act One / Act Two Towers, Downtown Dubai

Act One / Act Two Towers, Downtown Dubai

Developer: Emaar

Completion: November 2020

Snapshot: According to Emaar this will be the last two residential towers to be launched in Downtown Dubai. Act One and Act Two are part of the Opera District. Limited units are available for sale.

Attraction: Prime location, exceptional payment-plan and priced lower than previous Emaar launches in 2014 in the same area. These buildings are adjascent to Opera Grand which was about 30-40% more expensive for prime Burj Khalifa facing units when it launched in 2014. The Downtown market is set to pick up in 2017 as Burj Vista and Fountain Views are handed over in 2017. Downtown real estate remains undervalued when looked at from an International perspective

Prices per ft2: AED 2,100 – 2,400

Pricing:

  •  2 Bedrooms range in price from AED 2.2 – 2.6 million (Boulevard view)
  •  2 Bedrooms range in price from AED 3.2 – 3.4 million (Burj view)
  •  3 Bedrooms range in price from AED 4.4 – 4.6 million (Burj view)

Payment Plan:

  •  10% Down payment
  •  10% February 2017
  •  10% August 2017
  •  10% February 2018
  •  10% December 2018
  •  10% November 2019
  •  10% November 2020

Learn more


AG Tower, Business Bay

AG Tower, Business Bay

Developer: Arabian Gulf Properties

Completion: Q2 or Q3 of 2018

Snapshot: Internal location of Business Bay. 437 apartments, featuring studio, 1, 2 and 3 bedroom apartments. 50% of the purchase price is payable during construction and 50% over 3 years after handover.

Prices per ft2: Ranges from AED 1,300 – 1,480

Pricing:

  •  Studio Apartments range from AED 790,000 – 870,000
  •  1 Bedroom Apartments range in price from AED 1,250,000 – 1,650,000
  •  2 Bedroom Apartments range in price from AED 1,670,000 – 2,000,000
  •  3 Bedroom Apartments range in price from AED 2,800,000 – 3,000,000

Payment Plan:

  •  5% Down Payment
  •  5% payable every 4 months x 9 installments
  •  50% payable over 3 years following completion (12 quarterly x 4.17%)

Learn more


Azizi's various projects in Al Furjan

Azizi's various projects in Al Furjan

Developer: Azizi Group

Location: In Al Furjan opposite to Discovery Gardens

Completion: Through 2017 and 2018

Snapshot: Since 2014, Azizi Group has launched about 12 different residential and serviced apartment buildings in Al Furjan. These buildings offer a mix of studio, 1, 2 and 3 bedroom apartments. Half of the buildings launched are now close to completion, but buyers have options of purchasing in buildings with handovers in 2018.

The Metro-line which will connect main Dubai to Expo 2020 site will run adjascent to these buildings.

Prices per ft2: AED 930 – 1,100 per sq. ft.

Pricing:

  •  Studio Apartments: AED 530,000 – 550,000
  •  1 Bed Apartments: AED 910,000 – 950,000
  •  2 Bed Apartment: AED 1,120,000 – 1,350,000

Payment Plan: Payment Plans vary from building to building. In general for buildings completing in 2018, the payment plan is:

  •  10% on booking
  •  10% after 3 months
  •  10% after 8 months
  •  70% on completion.

Learn more


Lime Light Towers, Dubai Sports City

Lime Light Towers, Dubai Sports City

Developer: Lime Light Development

Completion: July 2017

Snapshot: Prime location within Dubai Sports City close to many ready projects. This building was previously on-hold before new investments took over in 2015. Construction of the buildings are well underway.

Prices per ft2: Ranges from AED 750 - 850

Pricing:

  •  Studio apartments from AED 570 – 590,000
  •  1 Bedroom Apartments range in price from AED 810 – 870,000
  •  2 Bedroom Apartments range in price from AED 1,000,000 – 1,100,000

Payment Plan:

  •  20% Down Payment
  •  1% a month for 12 months
  •  20% on handover
  •  2% for 24 months following handover

Learn more


NSHAMA Town Square

NSHAMA Town Square

Developer: NSHAMA

Location: Al Qudra Road, opposite to Mira by Emaar & Mudon

Completion: December 2017 and through 2018

Snapshot: NSHAMA have launched several apartment projects within the Town Square mega-development. At the moment sales are taking place for Jenna, Warda and Zahra Breeze.

Unit Types: 1, 2 and 3 bedroom apartments of various sizes.

Prices per ft2: AED 800 – 1,000 per sq. ft.

Pricing:

  •  1 Bedroom Apartments range in price from AED 700,000 – 1,100,000
  •  2 Bedroom Apartments range in price from AED 850,000 – 1,400,000
  •  3 Bedroom Apartments range in price from AED 1,200,000 – 1,700,000

Attraction: Most of the apartment investments in Dubai are for stand-a-lone developments. With Town Square you are buying into a mini city which offers a well thought out master-plan, coherence and a life-style.

Payment Plan:

  •  10% Down Payment
  •  4 installments of 10% every 3 – 4 months
  •  50% on completion

Learn more


Topaz Premium, Dubai Silicon Oasis

Topaz Premium, Dubai Silicon Oasis

Developer: GGICO

Completion: December 2017

Snapshot: G+8 storey building by one of Dubai’s most reputable developers. Topaz Premium consists solely of 1 bedroom apartments.

Prices per ft2: AED 825 – 975 per sq. ft.

Pricing: 1 Bedroom Apartments range in price from AED 800,000 – 1,000,000

Payment Plan:

  •  10% Down Payment
  •  Pay 5% in Nov 2016, Jan 2017, Mar 2017 and Aug 2017
  •  Remaining 70% payable over 35 months following completion (2% a month)

Learn more


Vincitore Palacio, Arjan

Vincitore Palacio, Arjan

Developer: Vincitore Group

Completion: September 2017

Snapshot: G+6 storey building offering studio, 1 and 2 bedroom apartments. Project is 90% sold out. Only 1 & 2 bedroom apartments are available at the moment. Vincitore is a new developer but they have successfully sold out a large portion of their project due to location, speed of construction (the building is over 65% completed already) and the payment-plan being offered.

Prices per ft2: AED 1,045 – 1,100

Pricing:

  •  Studio apartments are sold out.
  •  1 Bedroom Apartments range in price from AED 860,000 – 1,085,000
  •  2 Bedroom Apartments range in price from AED 1,300,000 – 1,500,000

Payment Plan:

  •  Two options are offered:
  •  Option A: 10% now, 10% in Nov 2016 and 80% on handover
  •  Option B: 20% now, 30% in Jan 2017 and 50% on handover
  •  Buyers who go with Option B will get a guaranteed 8% rental return for 3 years and no maintenance fees payable for the same duration.

Learn more

Vincitore Palacio in Arjaan: Studio, 1 and 2 bedroom apartments

Exceptional payment-plan. Delivery in September 2017. Pay 10% now, 10% in October 2016 and 80% on handover.

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