The United Arab Emirates is seen as a symbol of modernity and wealth which explains why it still draws many investors worldwide, especially from India who are looking for profitable real estate deals. One such option that seems very attractive is off-plan property which allows one to make high profits and at the same time have an option of paying in a convenient way.
However, for Indian purchasers, it may be difficult to move through the different kinds of property available in the UAE. The article explores some of the upcoming off-plan areas within the UAE that are cost-effective with high growth prospects. Readers can search their preferred off plan properties in UAE on Bayut, a leading tech-enabled real estate platform in the UAE to find and compare different options and ease their search.
Abu Dhabi: A Capital of Opportunity
The capital of the UAE, Abu Dhabi is growing very fast to become a real estate hub due to well thought growth programs that prioritize luxurious living. In this regard, the off-plan market of the city offers an interesting opportunity for Indians who want to invest and improve their standard of living.
The United Arab Emirates is seen as a symbol of modernity and wealth which explains why it still draws many investors worldwide, especially from India who are looking for profitable real estate deals. One such option that seems very attractive is off-plan property which allows one to make high profits and at the same time have an option of paying in a convenient way.
However, for Indian purchasers, it may be difficult to move through the different kinds of property available in the UAE. The article explores some of the upcoming off-plan areas within the UAE that are cost-effective with high growth prospects. Readers can search their preferred off plan properties in UAE on Bayut, a leading tech-enabled real estate platform in the UAE to find and compare different options and ease their search.
Abu Dhabi: A Capital of Opportunity
The capital of the UAE, Abu Dhabi is growing very fast to become a real estate hub due to well thought growth programs that prioritize luxurious living. In this regard, the off-plan market of the city offers an interesting opportunity for Indians who want to invest and improve their standard of living.
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Al Reem Island: Situated near the city and full of life, this island has everything for you; a combination of the calm sea and the busy town. The tall new buildings provide wonderful views and they also have first class facilities such as schools, shopping centres and hospitals.
Off plan projects to explore:
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Renad Tower
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Elie Saab Waterfront
Off plan projects to explore:
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Nobu Residences
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Nouran Living
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The Arthouse
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Yas Island: Yas Island is a top place for fun and relaxation. It provides an active way of life with its amusement parks, the Yas Marina Circuit, and high-class facilities. The availability of up-to-date apartments and townhouses that have sea views and are near golf courses has attracted both buyers and tenants to this sought-after place.
Off plan projects to explore:
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Sama Yas
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Gardenia Bay
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Yas Park Gate
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Al Hudayriat Island: Luxury beachfront living is the main benefit of this growing residential area which is popular for its various outdoor leisure activities. The presence of additional facilities such as biking lanes, aquatic games, and theme parks compound on its attractiveness.
Off plan projects to explore:
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Al Naseem Community
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Nawayef West
Dubai’s Dynamic Off-Plan Market
Indian investors looking for cheap properties that can appreciate over time have a lot of choices in Dubai, which is known for its flexible and inventive property sector.
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Jumeirah Village Circle (JVC): The fast-expanding estate provides various cheap off-plan units like flats, townhouses, and villas. Due to its favorable facilities for families and very good amenities, many people prefer it.
Off plan projects to explore:
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Stonehenge Residences
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Westwood Grande
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Elitz
Off plan projects to explore:
Off plan projects to explore:
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Vincitore Volare
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Trinity
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Kyoto by ORO24
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Dubai South: Dubai South is a developing neighborhood that provides both completed and under-construction properties. The residential units available comprise villas, townhouses, and apartments. It is closely positioned near Al Maktoum International Airport and Expo City Dubai thus adding to its attractiveness.
Off plan projects to explore:
Sharjah and Ras Al Khaimah: Emerging Opportunities
Apart from Abu Dhabi and Dubai, there are good off-plan investment opportunities in Sharjah and Ras Al Khaimah (RAK).
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Ras Al Khaimah (RAK): Off-plan villa projects such as Falcon Island and Hayat Island, as well as apartment projects like Nikki Beach Residences and Ellington Views I, are highly sought after in Ras Al Khaimah (RAK).
Conclusion
The off-plan market in the UAE is full of affordable homes and high profit investments that can be beneficial to Indian buyers. If they take into account every location’s and project’s individual features, then customers will be able to choose rightly depending on what they want to achieve with their finances and where they plan to live.
Frequently Asked Questions
Q1: What are the primary benefits of investing in off-plan properties in the UAE for Indian buyers?
A: There are many reasons why Indian investors should consider buying off-plan properties in the UAE. Some of these include; lower entry costs as compared with finished property, flexibility in payment terms and better returns on investment due to an increase in property value as it approaches completion.
Q2: How can Indian buyers ensure a safe and secure off-plan property investment in the UAE?
A: For an investment that is secure, buyers from India need to research well about the developer’s reputation and history, confirm that the project is registered with relevant authorities such as RERA in Dubai, go through the sales agreement and if need be engage the services of a real estate lawyer who is practicing in UAE.
Q3: What are the typical additional costs that Indian buyers should factor in when purchasing off-plan properties in the UAE?
A: Apart from the buying price of the property, Indian purchasers need to allocate funds for other expenses like property registration charges, agent’s commission (if any), attorney’s fees, mortgage processing fees (for those taking loans), and probable service/maintenance cost post completion of the property.
