The real estate industry in Dubai is at its peak nowadays. Many investors, including developers, purchasers, and renters, are capitalizing on the booming industry in the city. The real estate market in Dubai is now the highest in the world, with 2022 sales skyrocketing compared to the previous few years.
Developers constantly release new projects and stages; some of these ventures sell out immediately. Here we've compiled a list of the Top 5 New Projects in Dubai for real estate investment.
This post describes some of the most recent off-plan residential construction to join the Dubai real estate market during Q3 2022.
• Deliverables are expected in October 2023.
• For a pricing range beginning at AED 694,000 (USD 189,000).
Binghatti Crest, developed by Binghatti Developers, is a high-rise apartment building with a basement, four podiums, and nineteen stories of living space. Apartments with one, two, or three bedrooms are available, with floor plans ranging from 721 square feet to 1,249 square feet. All available apartments include balconies, large windows, and sliding glass doors that let in natural light all day.
In the future, residents can use the project's planned covered parking, fitness center, retail shops, and swimming pools (both for children and adults). With its closeness to Sheikh Mohammed Bin Zayed Road (E 311), the Binghatti Crest development in the Jumeirah Village Circle (JVC) neighborhood offers convenient access to all parts of Dubai.
• Transfer of ownership is expected in September 2023.
• Price range: 690,000 AED and above (USD 188,000).
Located in the freehold neighborhood of Jumeirah Village Circle, the Binghatti Luna residential complex was developed by Binghatti Developers. There are 212 apartments for sale over the building's 20 floors. One- and three-bedroom apartments with 613 to 1,485 square feet of living space are shown.
The complex has first-rate features, including a fitness center, swimming pools with relaxing areas for adults and children, covered parking, and a retail podium on the upper levels.
The Binghatti Luna development is planned at a location close to Sheikh Mohamed Bin Zayed Road, providing inhabitants with convenient access to major thoroughfares in the UAE by private vehicles and public transportation. Within 15 minutes, you may walk to the nearest supermarket, daycare, park, café, or restaurant.
• The project will end in the second quarter of 2024.
• Retail Price: Starting at AED 850 000 (USD 231 400).
Ellington Properties developed the new Oakley Square Residences. There will be 269 apartments in the complex, ranging in size from studios to multi-bedroom layouts. The apartments' floor plans vary from a cozy 409 square feet to a roomy 1,518 square feet. Each unit in the four-story building will include a balcony or window with a view, and some units will also include workspaces. It is a relatively inexpensive project in Dubai for real estate investment.
Located in the JVC district, Oakley Square Residences will provide its residents with a variety of first-rate features, such as
• Fitness center
• Swimming pools with sunbeds and shifting cabins,
• Golf course,
• Movie theater,
• Padel court,
• Multifunctional spaces,
• Landscaped grounds,
• And lounge areas.
Each apartment will have one parking spot, and there will also be a place to store bicycles and charge electric cars.
• The estimated construction completion date is the fourth quarter of 2025.
• Price range: 1.4 million to 1.5 million AED (USD 395,000).
The Lamaa by Meraas is a famous residential development in the thriving MJL neighborhood of Madinat Jumeirah. Four separate apartment towers will share a platform in the new development. There are 372 units available, each of which is a studio, one-, two-, or four-bedroom apartment. Spaces to call home vary from 721 to 3,530 square feet.
Houses with three or more bedrooms often include a separate area designated for the maid's quarters. There are exercise centers, a preschool, gyms, parks, swimming pools, and walking spaces available to residents of this residential development. Thus, it's a fantastic idea in Dubai for real estate investment.
The MJL region, just off the coast of the Arabian Gulf, has an advanced social infrastructure and all the makings of a perfect resort vacation. Located so near the Sheikh Zayed Road (E11) highway, residents will have unrestricted access to the rest of the United Arab Emirates.
• Expect construction to wrap up in July of 2026.
• Beginning with a price of AED 1,220,000 (USD 332,200).
Two residential towers (51 and 57 stories high) make up Sobha Realty's Creek Vistas Heights project. Apartments with one to three bedrooms and townhomes with 1.5, 2.5, and 3.5 bedrooms are among the options at this Sobha Hartland development, which also has offices. Units in this complex provide between 613 and 1,884 square feet of living space.
There is a swimming pool, parking, a park, and a gym at Creek Vistas Heights. It is also another excellent project in Dubai for real estate investment. When the Sobha Hartland district is finished, it will have all the facilities required for the highest standard of life.
Dubai for real estate investment is flourishing, providing international purchasers with a great place to put their money. If you're planning to put money into Dubai, you should keep an eye on these important projects. We will update our blogs and social media pages to inform you of these and other vital events.
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