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A Surge in Demand and New Project Launches

By admin,

Dubai’s real estate market has always been a hub of activity, with investors and homebuyers from around the world drawn to its luxurious lifestyle, state-of-the-art infrastructure, and business-friendly environment. In recent months, the emirate’s off-plan market has experienced a significant surge in demand, driven by a combination of factors, including new project launches, attractive pricing, and a renewed sense of confidence in the market.

In this blog, we’ll delve into the current state of Dubai’s off-plan market, exploring the key drivers behind the surge in demand and what this means for investors, developers, and the broader real estate landscape.

Growing Appeal & Demand in Dubai Real Estate

The Dubai real estate market is increasingly oriented towards off-plan transactions as developers aim to meet growing demand through new project launches. The emirate’s attractiveness is on the rise, with each quarter surpassing previous transaction records. As the first emirate to allow property ownership for non-Emiratis, Dubai now boasts the highest future residential supply in designated freehold areas, with over 70% of new developments situated in these zones.

New Project Launches Drive Demand

In the second quarter of 2024, Dubai’s off-plan market saw a remarkable 81% increase in transactions compared to the same period last year, with the value of these transactions reaching over AED52 billion. This surge in demand is largely attributed to the launch of new projects, which have injected fresh excitement into the market. Developers are offering innovative, high-quality projects that cater to a range of budgets and lifestyles, from luxury villas to affordable apartments.

What’s driving the demand in Dubai’s Off-Plan Market?

So, what’s behind the sudden surge in demand for off-plan properties in Dubai? According to industry experts, several factors are contributing to this trend:

  1. New project launches: A slew of new project launches in recent months have injected fresh excitement into the market. Developers are offering innovative, high-quality projects that cater to a range of budgets and lifestyles, from luxury villas to affordable apartments.
  2. Attractive pricing: Developers are offering competitive pricing and payment plans, making it easier for buyers to invest in off-plan properties. This, combined with the promise of high returns on investment, is making off-plan properties an attractive option for investors.
  3. Renewed confidence: After a few years of slow growth, Dubai’s real estate market is experiencing a renewed sense of confidence. The government’s efforts to stimulate the economy, combined with the upcoming Expo 2020, have created a positive sentiment among investors and developers.
  4. Government initiatives: The Dubai government has introduced several initiatives aimed at stimulating the real estate market, including the creation of a new real estate regulatory body and the introduction of a 10-year visa for investors.

What are the benefits of investing in Dubai off-plan properties?

Investing in off-plan properties can offer several benefits, including:

  1. Lower prices: Off-plan properties are often priced lower than completed properties, making them an attractive option for investors looking to get into the market at a lower cost.
  2. Higher returns: Off-plan properties can offer higher returns on investment, as the property’s value appreciates over time.
  3. Flexibility: Developers often offer flexible payment plans, making it easier for buyers to invest in off-plan properties.
  4. Customization: Buying off-plan allows investors to customize their property to their specifications, which can be a major draw for those looking for a bespoke living space.

What are the risks of investing in Dubai off-plan market?

While investing in off-plan properties can offer several benefits, there are also risks considering:

  1. Project delays: Delays in project completion can impact the investor’s ability to rent or sell the property, affecting their returns on investment.
  2. Market fluctuations: Market fluctuations can impact the value of the property, potentially leaving investors with a loss.
  3. Developer reputation: The reputation of the developer is crucial when investing in off-plan properties. Investors need to research the developer’s track record and ensure they are reputable and reliable.

New project launches: What’s on offer?

Some of the new project launches that are generating buzz in the market include:

  1. Emaar Properties’ Arabian Ranches III: A luxury villa community located in the heart of Dubai, offering spacious villas with high-end finishes.
  2. Dubai Holding’s Madinat Jumeirah Living: A luxury residential project located in the heart of Jumeirah, offering stunning views of the Arabian Gulf.
  3. Damac Properties’ Cavalli Tower: A luxury residential tower located in Dubai Marina, offering stunning views of the city skyline.

For more off-plan projects in Dubai, click here.

Industry insiders said Dubai’s residential real estate segment is also seeing significant trend changes of late, with buyers, especially international investors, increasingly preferring integrated communities and projects with smart home technologies.

Modern-day buyers are more environmentally aware and concerned about sustainability and are looking for properties that will be equipped with smart home technologies, the latest energy-saving technology, and eco-friendly features. There has been a recent uptick in demand for townhouses and villas, although there’s still a lack of supply.

Luxury Off-Plan Segment Thrives

The luxury off-plan segment, particularly for properties priced over AED15 million, remains strong, with Palm Jumeirah leading this market with 51 transactions, followed by Dubai Water Canal and Dubai Healthcare City II, with 28 and 18 transactions, respectively.

The top five areas for apartment and villa transactions in Q2 2024 were Jumeirah Village Circle, Mohammed Bin Rashid City, Business Bay, Ras Al Khor, and Dubai Hills Estate.

The Dubai off-plan property market continues to attract a diverse range of buyers. In the villa segment, properties priced between AED2 to 5 million accounted for 75% of sales, appealing to those seeking more space and features without entering the high-end market. Similarly, the off-plan apartment market in Dubai real estate is dominated by properties priced under AED2 million, making up 71% of total transactions. This segment attracts middle-income earners, expatriates, and investors with lower capital, due to its affordability and accessibility.

Price Surge Expected in Second Half of 2024

Residential property prices in Dubai’s off-plan segment are projected to see a price surge of up to 15% in the second half of 2024 amidst rising construction costs and continued demand spike from overseas investors. Industry players said the residential real estate sectors in Abu Dhabi and Ras Al Khaimah (RAK) — the two other rising UAE real estate hot spots — are set to see significant price increases in the coming months, with high-end properties in RAK predicted to see as much as 50% jump in the run-up to the opening of the casino.

Recommendations for investors

If you’re considering investing in off-plan properties in Dubai, here are some recommendations to keep in mind:

  1. Research the Developer: Ensure the developer has a reputable track record and a history of delivering high-quality projects on time.
  2. Evaluate the Project’s Feasibility: Assess the project’s location, design, and amenities to ensure it meets your needs and expectations.
  3. Understand the Payment Plan: Carefully review the payment plan to ensure it aligns with your financial goals

The Bottom Line

Dubai’s off-plan market is experiencing a surge in demand, driven by a combination of factors, including new project launches, attractive pricing, and a renewed sense of confidence in the market. While investing in off-plan properties can offer several benefits, including lower prices and higher returns, there are also risks considering, such as project delays and market fluctuations.

As the market continues to evolve, it’s essential for investors to do their research, carefully evaluating the developer’s reputation, the project’s feasibility, and the market’s potential for growth. With the right approach, investing in off-plan properties can be a lucrative and rewarding experience, offering a unique opportunity to own a piece of Dubai’s vibrant real estate market.

Are You Ready to Invest in Your Dream Home with Azco Real Estate Brokers LLC Discover the best off-plan projects in Dubai with Azco Real Estate Brokers LLC, offering unbeatable prices and flexible payment plans. Book your unit today and take the first step towards owning a piece of Dubai’s vibrant future!

Diamondz Project by Danube Properties Introduces Salman Khan’s Gym

By admin,

Danube Properties has always brought exceptional projects to the market, winning the hearts of every investor and buyer who desires to reside in the mesmerizing city of Dubai. Just recently, the developer launched a new project named Diamondz, promising a lifestyle of luxury and wellness like never before.

A Fitness Revolution with Salman Khan

Nestled in the heart of Jumeirah Lake Towers, the Dh2.4 billion Diamondz project is poised to redefine luxury living in the Middle East. However, what truly sets it apart is its cutting-edge gym facility, equipped with state-of-the-art fitness equipment from Salman Khan’s ‘Being Strong Fitness Equipment’ line. This marks the first time such equipment has been integrated into a gym in this region, setting a new standard for health and wellness enthusiasts.

The Launch Event: A Collaboration of Icons

The launch event, graced by the presence of Salman Khan himself, underscored the significance of this collaboration. Khan expressed his delight at being part of this venture, emphasizing the importance of quality workouts and a healthy lifestyle in today’s fast-paced world.

He stated, “I am personally very happy to launch the first gym in Dubai with Being Strong equipment at the Diamondz by Danube project. This explains the importance of quality workouts and a healthy lifestyle. Our state-of-the-art range of equipment will bring out the importance of quality and modern fitness in the fast-moving life of Dubai.”

Visionary Leadership

Rizwan Sajan, the visionary founder and chairman of Danube Group, echoed Khan’s sentiments, highlighting the project’s dedication to enhancing the quality of life for its residents. By introducing Salman Khan’s Being Strong Equipment, Diamondz ensures that fitness enthusiasts have access to premium facilities that cater to their needs and aspirations.

Sajan stated, “With every project, we increase the facilities and amenities so that the home buyers get a better value for every square foot, or every penny spent – be it the introduction of a doctor/ nanny on call or extra space for work from home to maintain perfect work-life balance. Keeping in mind the need of the hour for maintaining a healthy lifestyle and workout with a correct set of equipment, we have associated with Salman Khan’s Being Strong Equipment for its first-ever gym in our project.”

Setting New Standards

The Diamondz project stands tall as the 15th venture by Danube Properties in the last 24 months, a testament to the developer’s unwavering commitment to excellence. Each aspect of the project, from its fully furnished apartments to its myriad amenities, including a swimming pool, jogging track, and sports arena, reflects meticulous attention to detail aimed at surpassing residents’ expectations. Danube Properties adopts a strategic approach to project launches, focusing on one venture at a time to ensure optimal attention and dedication to every aspect of development.

Paving the Way for the Future

With Diamondz, the developer aims not only to meet but exceed these lofty standards, setting a new benchmark for luxury living in Dubai. As the city continues to evolve as a global hub for luxury real estate, projects like Diamondz pave the way for a future where luxury is synonymous with wellness. By integrating Salman Khan’s Being Strong Fitness Equipment into its facilities, Danube Properties reaffirms its position as a trailblazer in the realm of luxury living, where health, comfort, and luxury converge seamlessly.

To know more get in touch with AZCO Real Estate

Top Newly Launched Off-Plan Project In Dubai

By admin,

Dubai is a city full of amazing buildings that seem to touch the sky. From tall and shiny towers to calm and pretty areas by the water and Dubai’s places to live are always changing and getting better. In this blog post, we will share with you the top newly launched off-plan projects in Dubai. They’re like brand new ideas turning into real houses!

Picture this: Amazing homes that are not just places to live but are also like a mix of fancy and practical. Some are super tall; some are by the water all very special. Dubai is always creating new and cool places to live, and we want to take you on a tour to see them. Come along and explore with us as we check out these fresh and magical homes.

Let’s explore the newly launched off-plan projects that promise luxury and convenience and a touch of magic.

1. Burj Binghatti Jacob & Co. Residences – Touching the Sky

Location: Business Bay

First on the list is Burj Binghatti Jacob & Co Residences and a breathtaking 104-storey ‘hyper tower’ set to redefine luxury living in the heart of Business Bay. Anticipated for completion in Q2 2026 and this architectural marvel aspires to claim the title of the world’s tallest residential building. Offering a stunning array of 2- and 3-bedroom apartments and opulent 5- and 7-bedroom penthouses and grand 4- and 6-bedroom mansions with private pools and it is a residential masterpiece that promises to touch the sky. Prepare to be mesmerized as this iconic structure combines unparalleled height with luxurious living and setting new standards for elegance and sophistication.”

2. Bugatti Residences by Binghatti – Where Art Meets Innovation

Location: Business Bay

Next is the Bugatti Residences in Business Bay and a remarkable collaboration between Binghatti and Bugatti and the pinnacle of automotive excellence. Embodying the essence of the French Riviera and this residence spans two towers and comprises 182 units. The Riviera Mansion Collection presents elegant 2 and 3- and 4-bedroom options while the Sky Mansion Collection features 11 luxurious penthouses. Picture private pools and car lifts and a Riviera inspired beach at your fingertips and seamlessly blending art and innovation into the fabric of your lifestyle.

3. Como Residences – Waterfront Bliss

Location: Palm Jumeirah

Experience waterfront bliss at Como Residences on Palm Jumeirah by Nakheel Properties. This water inspired tower offers a selection of apartments, duplexes and exclusive penthouses. Wake up to breathtaking sea views and indulge in premium amenities like a beach pool and fully equipped gym and rejuvenating spa and embrace the ultimate coastal lifestyle. Como Residences invites you to a sanctuary where the tranquility of the waterfront meets the luxury of modern living and promises a serene escape within the iconic Palm Jumeirah landscape.

4. Emaar Creek – Modern Elegance

Location: Dubai Creek Harbour

Situated in Dubai Creek Harbour and Emaar Creek is a testament to modern elegance. Offering a fusion of contemporary design and meticulous finishes and this development presents a range of 1 to 5 bedroom apartments and duplex penthouses. The allure is heightened by amenities like the infinity pool and state-of-the-art gym and a BBQ area and creating a perfect blend of sophistication and comfort. Dubai Creek Harbour beckons you to experience a lifestyle where luxury meets innovation.

5. Oxford Gardens – Urban Oasis

Location: Arjan Dubai

Immerse yourself in the urban oasis of Oxford Gardens by Iman Developers in Arjan Dubai. This development features a diverse range of studios to 4-bedroom apartments and creating a harmonious living experience. Enjoy convenient access to retail shops and tourist attractions and key landmarks and making it a hub where urban living seamlessly intertwines with tranquility. Oxford Gardens invites you to embrace a lifestyle that combines the vibrancy of city living with the serenity of a peaceful retreat.

6. The Crestmark Apartments – Cozy Luxury

Location: Business Bay

If you are seeking the comfort of cozy luxury and the Crestmark Apartments in Business Bay should be your ultimate choice. Also known simply as The Crestmark and this project took flight in May 2023 and offered a variety of living spaces and including studios and 1 and 2- and 3-bedroom apartments along with luxurious 3- and 4-bedroom penthouses. Envision an outdoor jet whirlpool and a charming library and creating your urban haven within the heart of Business Bay.

7. Canal Crown de GRISOGONO – Extravagance Redefined

Location: Business Bay

Indulge in extravagance redefined at Canal Crown de GRISOGONO in Business Bay. Inspired by peridot gems and outer space and this exceptional development boasts themed gardens and a UFO spa relaxation pod and weightless swimming VR arenas. DAMAC Properties invites you to experience luxury living in a range of studios to 3-bedroom units and promising a unique blend of opulence and innovation within the vibrant Business Bay community.

8. The Community – Leisure & Lifestyle

Location: Motor City

Experience the perfect blend of leisure and lifestyle at The Community by Aqua Properties located in the heart of Motor City. This vibrant community offers an array of upscale living spaces ranging from studios to spacious 3-bedroom apartments. Immerse yourself in the dynamic atmosphere of co-working spaces and where productivity meets comfort and discover leisure spots designed to cater to your every need. The highlight perhaps is the longest pool in Dubai and inviting you to unwind and enjoy moments of tranquility. As the sun sets on Motor City embrace the vibrant energy of this community and where every corner is crafted to enhance your living experience. Dive into a world where leisure and lifestyle converge and create a haven that feels like home.

Find the Best Newly Launched Off-Plan Project In Dubai with Azco Real Estate Brokers LLC. Are you ready to turn your dream home into reality? Explore the finest properties with Azco Real Estate and unlock a world of luxury living. Whether it is vibrant city life or a tranquil waterfront retreat and Azco has the key to your ideal home. Let our expert team guide you through the possibilities and find the perfect property tailored to your lifestyle. Your dream home awaits!

Trending Off-Plan Project to Invest in Business Bay

By admin,

Business Bay, the bustling district of Dubai, is where everyone dreams of living, offering a wide range of investment opportunities in real estate in Dubai. In the first month of 2024, the most favored off-plan residential project was Trillionaire Residences by Binghatti, topping the charts with no other project in line. In this article, we will delve deep into this off-plan project in Business Bay that has been winning the hearts of buyers and investors.

What makes it special? What makes the Trillionaire project in Dubai a prime investment opportunity in Dubai’s competitive real estate market? We will cover it all!

 So, what are you waiting for? Let’s dive into it!

What is the Trillionaire Project in Dubai?

Trillionaire Residences by Binghatti is waterfront living, offering an unmatched blend of comfort, sophistication, and panoramic views. The development comprises 362 residences, including studios and 1-2 bedroom apartments, designed to cater to diverse preferences. The strategic location in Business Bay positions Trillionaire Residences as a gateway to a new era of luxurious living. The panoramic views of Dubai Water Canal create an enchanting backdrop, setting the stage for an extraordinary residential experience.

Developer – Binghatti Developers

Binghatti Developers, the visionary force behind this project, boasts an impressive portfolio, including Bugatti Residences, Burj Binghatti Jacob & Co Residences, Binghatti Amber, Binghatti Venus, and Binghatti Onyx.

What is the Starting Price in Trillionaire Residences?

The starting price of Trillionaire Residences is AED 1.6M with an easy payment plan of 70/30.

Unveiling the Residences

The residences at Trillionaire Residences by Binghatti exude luxury and functionality. From expansive living and dining areas for family gatherings to bedrooms adorned with built-in wardrobes, every detail is meticulously designed and crafted. The open kitchens are equipped with branded appliances, ensuring a seamless blend of functionality and style.

Resort-Like Amenities and Services

Trillionaire Residences goes beyond providing just a place to live; it promises a resort-like lifestyle. Residents can bask in the luxury of swimming pools for adults and children, lobby lounge, a state-of-the-art gymnasium with personal trainers,  sauna, jacuzzi, and a selection of cafes and restaurants. The allure of personalized services such as concierge, chauffeur, bodyguard, butler, spa, and housekeeping further elevates the living experience.

Prime Location and Connectivity

Situated in vibrant Business Bay, Trillionaire Residences offer easy access to key destinations, including Al Khail Road and Sheikh Zayed Road. The strategic location makes it a mere 5-minute drive to Downtown Dubai and a 15-minute commute to Dubai International Airport. Additionally, Dubai Marina and Palm Jumeirah are within a 25-minute drive. The proximity to iconic landmarks like Dubai Mall and Burj Khalifa further enhances the appeal of Trillionaire Residences. Residents can enjoy world-class shopping, dining, and entertainment within a short 5-minute drive.

Educational and Healthcare Facilities

For families considering Trillionaire Residences, the development is surrounded by esteemed educational institutions such as Jumeirah International Nursery, Blossom Business Bay Nursery, Horizon English School Dubai, Dubai International School, JSS Private School, Global Indian International School, and GEMS Our Own Indian School. Quality healthcare is also within reach at Aster Clinic – Business Bay and Mediclinic Dubai Mall.

Investment Potential

Beyond its allure as a splendid place to live, Trillionaire Residences is also a compelling investment opportunity. Investors can anticipate a significant return on investment. With Business Bay’s average rental yield for a 1-bedroom apartment standing at 5.9%, Trillionaire Residences promises a lucrative venture in the dynamic real estate in Dubai.

Visa Benefits

Trillionaire Residences also presents an enticing opportunity for those seeking residency in Dubai. Owning a premium unit in the development qualifies residents for a 2-year investor visa or the coveted 10-year Golden Visa, depending on the property type. The visa can be extended as long as the individual retains ownership of the property, adding an extra layer of value to the investment.

Trillionaire Residences by Binghatti Handover Date

The project is expected to be handed over this year, Q4 2024.

Conclusion

The demand for off-plan real estate in Dubai is reaching new heights. In Business Bay, Trillionaire Residences by Binghatti is the best option to invest in 2024. The combination of breathtaking views, opulent residences, resort-like amenities, and a strategic location positions it as a top-tier investment opportunity. Whether you seek a permanent residence or a lucrative investment, Trillionaire Residences beckons as a gateway to a lifestyle synonymous with extravagance and prosperity in the heart of Business Bay. Seize the opportunity to be part of Dubai’s ever-evolving skyline and invest with AZCO Real Estate Brokers LLC. For more informative and interesting articles, keep following AZCO Real Estate Brokers LLC.

Vela Viento By Omniyat: Dubai’s New Exclusive Project

By admin,

In the heart of Dubai’s bustling business district, Business Bay, a luxurious oasis awaits connoisseurs of refined living. Just recently, Omniyat launched a new project right on the shores of Marasi Bay – Vela Viento. It is an exceptional 44-storey residential project by Omniyat, presenting a new standard of luxury with two stunning towers gracing the shores of Marasi Bay.

Premium Residences

Vela Viento offers a collection of 2 to 4-bedroom apartments and penthouses, ranging in size from 2,852 sq. ft to 14,413 sq. ft. Each residence is a masterpiece. With world-class design, panoramic views, and premium amenities, Vela Viento is set to redefine the art of comfortable living in the heart of this metropolis.

Live Along The Shores of Marasi Bay – Unrivaled Location

Vela Viento is strategically positioned in Business Bay, offering residents unrivaled access to the city’s key attractions. Just a short drive away, you’ll find the iconic Burj Khalifa and the world-famous Dubai Mall. This central location ensures that every convenience and entertainment option is within easy reach, making it the ideal place for those seeking a sophisticated urban lifestyle.

Modern Architectural Brilliance

Vela Viento consists of two striking towers that stand as a testament to modern architectural brilliance. The architectural design of this project is by the renowned Foster + Partners.

Elegance in Every Detail

Vela Viento doesn’t stop at extraordinary exteriors. The interiors of the 92 units have been meticulously designed by Gillies & Boissier.

Unparalleled Amenities

Living at Vela Viento means living in the lap of luxury. The project features a private beach club nestled alongside a tranquil blue lagoon. Here, residents can unwind, take a dip in the private pool, and soak in the breathtaking views of iconic landmarks such as the Burj Khalifa, the majestic marina, and Dubai’s famous skyscrapers. For those who appreciate a vibrant social life, Vela Viento offers a promenade with world-class restaurants and various entertainment options, right at your doorstep. Whether it is a quiet dinner overlooking the serene waters of Marasi Bay or a night of entertainment and relaxation, Vela Viento has it all.

A Project By Omniyat

Omniyat is a well-known real estate developer with a history of winning many accolades for exceptional developments. The company has an impressive portfolio spanning residential, commercial, retail, and hospitality.

A Project Beyond Expectations

Vela Viento by Omniyat is more than just a luxury complex; it’s a testament to Dubai’s commitment to architectural innovation and a dedication to providing residents with the very best in contemporary living. The combination of the central location, world-class architects and designers, and premium amenities make it the ultimate destination for those who demand nothing but the finest.

Conclusion

If you are in search of a truly exceptional living experience in the heart of Dubai, Vela Viento is a name to remember. The comfort, elegance, and exclusivity it offers are the epitome of luxury living. This is more than just a residence. So, what are you waiting for? Need more details about the project? Contact AZCO Real Estate Brokers LLC.

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