Being the financial and economic center of the UAE, Dubai is never short on investment opportunities. There are countless options available all the time in almost every industry.
It is one of the most fruitful and sought-after industries for investment opportunities in the real estate industry. There are different types of benefits and incentives like discounts and financing options available for investors.
Among different types of properties in the real estate market, the trend of investing in off-plan properties has witnessed a surge in recent times. With Dubai off-plan properties, there are high chances of yielding remarkable returns because of cost-friendly packages and investment plans.
Since the government is encouraging tourism and investment opportunities, the Investors abroad are now taking interest in leasehold as well as freehold areas that offer substantial returns with endurable risk.
We at Provident Estate, have listed a few good investment opportunities in the off-plan developments in Dubai which could give a good ROI in the coming months.
Signature Livings:
If you’re looking towards investing in smart, innovative, and attractive development, you won’t find anything better than Signature Livings by Green Group.
It’s the emirate’s first solar-powered residential project featuring fully-equipped eco-homes. This development is sure to have the least magnitude of carbon footprint and therefore, will appeal to everyone.
The development hosts fully furnished studios, 1 and 2-bedroom apartments that are all designed meticulously. With a stunning interior and scenic views waiting outdoors, Signature Livings is perfect for couples and bachelors alike.
The best feature of the development is that advanced technology is incorporated into each apartment. Every living space is designed to have mobile activated Eco-friendly temperature control, swimming pool, video bell doors, coffee machines, etc. Even the fitness centers are fully equipped with the latest tech gadgets you might not even have heard of.
The same is for the BBQ decks that come fully furnished as well. The development also offers an open-air glass squash court.
To buy off-plan at Signature Livings, you only need to pay 20% down and 80% upon completion. Investors can be assured that such a development will attract at least 7% rent for at least 3 years. The developers are also offering 3-year free property management for off-plan property purchases.
Imperial Avenue:
Sharpoorji Pallonji unveiled its first real estate project outside India with one of the biggest bangs in the Emirate. A 45-stories tall gorgeous structure that features a total of almost 424 apartments.
With 5 levels of parking and residential spaces of 1,2,3,4 and even 5-bedrooms along with penthouses and podium villas, you can be sure the investment will be worthwhile.
While premium apartments start from the 26th floor, the whole scenery changes especially with villas that come with pools.
These are spacious residences offering a luxurious lifestyle from every aspect. Boasting of magnificence, villas, and penthouses span over an area up to almost 6000 square feet.
Although the sum of the investment is large, the returns are expected to be even larger. Just some of the amenities of the residence include:
· Infinity Pool
· Mini Theater
· Kids’ Play Areas
· Squash Court
· Lily Pond
· Multi-purpose Halls
· Steam Rooms and Gymnasiums
· Grand Landscaped Podium
· Yoga Event / Lawn areas
· Kids’ Pool and Games Room, etc.
SLS Dubai Hotel Residences:
Home to the unprecedented experiences, SLS Dubai Hotel Residences is one of the most famous projects in Dubai.
The residential project contains luxury lofts featuring 1,2-bedrooms. Additionally, to take it up a notch, they added 1 and 2-bedroom duplexes to the structure that stands 75 storeys tall.
SLS Dubai is renowned to be the only structure that can offer unobstructed views of the emirate. The most famous sight is of the Burj Khalifa. The development offers its residents to swim atop one of the highest points in the world.
For investment in off-plan properties in SLS, you’ll need to pay only 10% in down payment. The rest of the plan will go with 10 installments, each of 10% right up to the 21st month from handover. The handover will be on the third installment.
Final Thoughts
Investments in real estate require patience and wiser decisions based on facts and figures provided by the real estate agency and property portals online. Hence, make a decision after thorough consideration, deliberation and planning.
The secret of investing in big projects is that it’s likely to work. Going with Emaar’s or DAMAC will definitely reap fruits. You can take a look at commercial plans in the Business Bay Dubai area as well. So, when it comes to investing your money, pay attention to every detail including the specification or property and reputation of the developer to ensure a high ROI.
