Exploring the Advantages and Insights of the Off-Plan Property Investment in Dubai
Investing in off-plan properties in Dubai presents significant advantages, as highlighted by D&B Properties.
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D&B Properties emphasize the value of considering off-plan property sales in Dubai for investors aiming to enhance their return on investment. This recommendation comes amidst a period of exceptional growth in Dubai’s real estate market, with property prices reaching unprecedented levels.
Despite the introduction of numerous new developments, the demand for real estate in Dubai remains robust. This scenario offers a promising avenue for investors to explore the off-plan property market, potentially reaping substantial rewards.
Overview of Off-Plan Properties in Dubai
The real estate market in Dubai is currently witnessing a remarkable increase in activity. As of January 2024, the cost of property has escalated to an all-time high, with prices at AED1,284 ($350) per square foot, showcasing the market’s vitality and endurance.
This market upswing is supported by several key factors, like the growing investor confidence, as Dubai’s strong economic framework and strategic geographical position continue to draw global investors, boosting the demand for properties.
In addition, the successful hosting of Expo 2020 has reinforced Dubai’s status as an international hub, contributing to sustained economic development and pushing the real estate market forward. The intense demand, along with a limited availability of premier properties, also were factors that led to a rise in prices.
According to Soliman Hossameldin, the Director of Digital Marketing at D&B Properties, the current boom in Dubai’s real estate market is an exceptional chance for investors. He notes that off-plan investments specifically offer a strategic edge, promising significant returns as the market progresses.
Benefits of Investing in Off-Plan Properties
– Lower initial investment required: Off-plan properties often come with a lower price tag than those that are completed, enabling investors to enter the market more affordably.
– Flexible payment options: Developers frequently provide versatile payment schemes that distribute the investment cost over time, facilitating financial management for investors.
– Enhanced return prospects: Investors can anticipate considerable gains as the property approaches completion and its market value increases.
Dubai’s real estate sector remains on an upward trajectory. Thanks to its strategic locale, booming economy, and continuous development of infrastructure, Dubai is an appealing option for investors. Engaging in the off-plan property market offers investors a chance to leverage the ongoing growth of the real estate sector.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
This collaboration will extend into the fourth phase of Azizi’s Riviera project in MBR City, with Cummins supplying top-tier power generators.
2 min
Azizi Developments, a prominent private developer in the UAE, and Cummins Inc., a global leader in power solutions design, manufacturing, distribution, and supply, are extending their partnership into the fourth phase of the large-scale Riviera project. Cummins, known for its diverse range of products including diesel, natural gas, electric, and hybrid powertrains, as well as powertrain-related components, like filtration, after-treatment, turbochargers, fuel systems, control systems, air handling systems, automated transmissions, electric power generation systems, batteries, hydrogen generation, and fuel cell products. The manufacturer is globally renowned for its excellence in both innovation and sustainability.
Mr. Farhad Azizi, CEO of Azizi Developments, said: “As we continue our collaboration with Cummins Inc. for the fourth phase of our flagship project, Riviera, we reaffirm our commitment to procuring and utilizing only the highest quality materials. This partnership highlights our dedication to providing exceptional lifestyles for our investors and end-users through the careful selection of premium components. We are confident that our now-broadened alliance with Cummins Inc. will help in maintaining the high standards established for Riviera and further elevate the benchmarks of quality and excellence.”
Riviera is part of Azizi Developments’ award-winning portfolio. It is a stylish waterfront lifestyle destination that comprises 75 mid- and high-rise buildings with approximately 16,000 residences.
Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art, but also about a certain ‘joie de vivre’ — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space.
With its strategic location near the upcoming Meydan One Mall and the Meydan Racecourse — home of the Dubai World Cup — as well as Dubai’s most noteworthy points of interest, Riviera represents one of Azizi Developments’ most coveted projects.
Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
