5 trending Dubai off-plan developments in September 2024
Dubai's off-plan property market is experiencing significant growth, drawing investors with its wide range of options and attractive returns. Various projects are at the forefront of this off-plan property boom, reflecting the increasing demand for new developments. According to data from the Dubai Land Department (DLD), here are some of the most notable off-plan projects that were trending in September 2024.
Golf Point - Emaar South
Developer: EmaarOverview: Golf Point offers modern 1, 2, and 3-bedroom apartments, set within the tranquil, green environment of Emaar South. It provides stunning views of the golf course and is designed for comfortable, family-friendly living, with close proximity to Al Maktoum International Airport — set to become Dubai’s primary airport in the coming years.
Trending Development: Apartments at Golf Point offer direct golf course views and access to parks, sports facilities, and retail outlets.
Why Invest?
High Demand: With Al Maktoum Airport soon to be Dubai’s main airport, the strategic location of Emaar South makes it highly attractive. The airport's expansion will increase demand for nearby properties.
Capital Appreciation: Since the announcement of Al Maktoum as the city’s main airport, property prices in Dubai South have already seen significant growth, indicating strong future potential.
Lifestyle Appeal: The green community, with recreational spaces and proximity to transportation, makes it an ideal choice for families and investors alike.
DAMAC Hills 2 - ELO 2 & ELO 3
Developer: DAMAC PropertiesOverview: DAMAC Hills (2) is a vibrant community featuring luxury homes set around a championship golf course. This development combines exquisite architecture with a variety of amenities, including parks, retail options, and leisure facilities.Trending Development: ELO 2 & ELO 3 include stylish townhouses and villas starting at AED 3 million, offering residents a high-end lifestyle with beautiful outdoor spaces.Why Invest?:
Strong Brand Reputation: DAMAC Properties is known for delivering high-quality developments, which instills confidence in potential buyers and investors.
Comprehensive Amenities: With facilities such as schools, golf courses, and retail hubs within the community, residents enjoy a self-sustained lifestyle, increasing the demand for properties.
Growing Popularity: As Jumeirah Village Circle (JVC) continues to develop, properties in DAMAC HILLS (2) are likely to appreciate significantly due to the area’s emerging popularity among families and professionals.
Club Place - Dubai Hills Estate
Developer: EmaarOverview: Club Place is an exclusive development within Dubai Hills Estate, featuring a mix of apartments and luxury villas. It is strategically located near major road networks and the Dubai Hills Golf Club, ensuring convenience and leisure.Trending Development: The latest off-plan project at Club Place offers elegant residences starting at AED 4.5 million, perfect for families and professionals alike.Why Invest?:
Prime Location: Proximity to Downtown Dubai and major highways makes Club Place an attractive option for commuters, enhancing its rental potential.
Emaar's Proven Track Record: Emaar is recognized for its successful developments that maintain high occupancy rates and long-term value, making properties in Club Place a safe investment.
Strong Community Focus: The community’s emphasis on outdoor spaces and family-friendly amenities creates a desirable environment for residents, driving demand for homes.
Address Residences - Dubai Hills Estate
Developer: EmaarOverview: Address Residences I is a prestigious project that exemplifies luxury living in Dubai Hills Estate. This development offers a collection of stylish apartments and penthouses with direct access to premium amenities and services.Trending Development: The off-plan units start at AED 6 million, featuring contemporary designs and breathtaking views of the golf course and Dubai skyline.Why Invest?:
Luxury Appeal: Positioned as a luxury brand, Address Residences attracts affluent buyers looking for high-end living, which typically commands higher rental yields.
High-Quality Amenities: Residents benefit from exceptional services and facilities, including concierge services, fitness centers, and fine dining, enhancing the overall living experience and property value.
Cultural and Social Vibrancy: Being part of a high-profile community ensures that residents have access to upscale lifestyle options, which is increasingly appealing to international buyers and investors.
One Park Central by Iman Developers - Jumeirah Village Circle
Developer: Iman DevelopersOverview: One Park Central is an innovative project located in Jumeirah Village Circle (JVC), designed to create a balanced community with an array of residential options and green spaces.Trending Development: The off-plan units at One Park Central start at AED 2.8 million, offering modern apartments with top-notch facilities.Why Invest?:
Emerging Community: JVC is rapidly developing into a popular residential area due to its affordability compared to neighboring communities, making it attractive for first-time buyers and renters.
Diverse Lifestyle Options: The project’s integration of parks, retail outlets, and community amenities makes it appealing to families and young professionals, fostering a strong rental market.
Future Growth Potential: With ongoing infrastructure improvements and new developments planned in JVC, investors can expect property values to rise, providing promising returns on investment.
In September 2024 alone, Dubai experienced a remarkable surge in real estate activity, recording a total of 15,901 transactions worth 43.57 billion AED, according to data from the Dubai Land Department (DLD). This significant volume of transactions highlights the growing confidence among investors and the continued appeal of the Dubai property market.