In 2022, the off-plan market made 44% of the total transactions in Dubai’s real estate industry. More importantly, 2023 is termed as the “year of off plan” for Dubai.
As a result, investors and homeowners alike are exploring the best profitable off-plan opportunities the market has to offer. We understand it can be hard to filter valuable information amidst all the noise. Therefore, in this article, we will discuss new off-plan properties in Dubai in 2023 with the best potential returns in the market.
This carefully curated list features projects that are being developed by some of the biggest developers. These developers have a track record of launching some of the most successful real estate projects, offering a safe and fruitful opportunity for investors.
If you don’t know what an off-plan property is, here’s a quick introduction.
What is an Off-Plan Property in Dubai?
Off-plan property is an unconstructed or under-construction property available for sale. These properties are usually sold directly by the developer. The project details are available through different marketing materials such as brochures, developer websites, social media, etc.
As an investor, you must put a 10-20% down payment and sign a Sales Purchase Agreement (SPA). Depending on the agreement, the rest of the payment is made during construction, upon handover, and post-handover.
Top 6 New Off-Plan Projects in Dubai-2023
The following are some of the latest off-plan projects in Dubai in 2023.
1. La Rosa 5 at Villanova
La Rosa is a highly successful string of projects in Dubai, and La Rosa 5 at Villanova is the latest addition. These projects have proven their profitability in the past, which makes La Rosa 5 an attractive opportunity for real estate investors in Dubai.
The location and community promise a high-end lifestyle that is unique to Dubai while also being relatively affordable. Developers have paid great attention to green living, which means that the final project will have a lot of green spaces and trees.
The project is a part of Villanova and is located on Emirates Road.
Developed by:
La Rosa 5 is developed by Dubai Properties. They have a reputable history of developing projects such as:
- Marsa Al Arab Villas
- Casa Dora and Case Viva at Serena
- Mudun Views
- Madinat Jumeirah
- The Villas
- Dubai Wharf
Prices and Property Features:
- 4-Bed townhouses—2,333 square feet—From AED 1,400,000.
- 3-Bed townhouses—1,947 square feet—From AED 1,257,000.
2. District One Villas
District One Villas is located midway in MBR City (Mohammed Bin Rashid City). This part of Dubai is futuristic, luxurious, and promises high returns.
Most importantly, this area features some of the most covetable addresses because of its proximity to first-class attractions such as Meydan One Mall and Meydan Racecourse.
Developed by:
District One Villas is developed by MeydanSubha—a highly reliable developer with a confident investor profile. Some remarkably successful projects by MeydanSubha are:
- Water Canal Villas
- Gardenia Villas
- Garden House
- Forest Villas
- One Park Avenue
Prices and Property Features:
The villas in this project offer different architectural designs such as modern Arabic, Mediterranean, and Contemporary. Each villa comes with a stunning view of Crystal Lagoon.
Here are key property types and average prices:
- 6-Bed villas—8,600 square—From AED 12,999,000.
- 5-Bed villas—6,600 square feet—From AED 9,500,000.
- 4-Bed villas—5,100 square feet—From AED 6,888,700.
3. Silver Springs Villas
Silver Springs Villas is a string of 30 premium villas developed by none other than DAMAC Properties. These villas are located in the popular DAMAC hills at Umm Suqeim Road.
The design features modern elements with spacious interiors and huge windows. The community is as impressive as the villas, offering facilities such as parks, sports amenities, and fishing lakes.
Silver Springs Villas is undoubtedly one of the best off-plan projects Dubai has to offer in 2023.
Developed by:
Silver Springs Villas is developed by none other than DAMAC Properties — a developer with an outstanding reputation, international operations, and great investor confidence.
- Melrose Villas
- Radisson Hotel
- Trump Estate
- Green Acres Villas
- Akoya Oxygen
Prices and Property Features:
- 4-Bed villas—ranging from 2,097 square feet to 2,146 square feet.
- Prices start at AED 1,900,000.
4. Grand Bleu Tower 2
When it comes to Dubai real estate, nothing shouts confidence and reliability more than Emaar. Emaar is a global real estate giant developing this latest off-plan residential tower. It is located at the Emaar Beachfront community.
Apart from the developer, what makes Grand Bleu Tower 2 worthy of this list is the phenomenal success of Grand Bleu Tower 1.
In addition to the stunning views, the property offers luxurious living, elegant architecture, and beautiful interiors designed by world-famous designer Elie Saab.
Developed by:
Emaar is one of the most trustworthy and iconic real estate developers. In addition to developing the Grand Bleu project, they have transformed Dubai’s skyline with projects such as:
- BurjKhalifa
- Dubai Creek Residences
- Boulevard Plaza
- Arabian Ranches
- Creek Horizon
- Golf Grove Villas
- Golf Views Apartments
- Eden Villas
- Rove Hotel
Prices and Property Features:
- 2-BedApts.—1,553.02 square feet—From AED 4,117,000.
- 1-Bed Apts.—793.62 square feet—From AED 2,159,000.
5. Golf Place Terraces (Golf Place Phase 2)
Golf Place Terraces Phase 1 was a huge success, and investors are now eyeing opportunities in the second phase.
It is a villa community that offers all the modern amenities you can imagine as an investor or a homeowner. The project features 128 units, some of which also feature a sky lounge. The properties are known for their lush green views and special attention to golf enthusiasts.
These villas are located in Dubai Hills Estate at Al Khail Rd.
Developed by:
Just like Grand Bleu Tower and other magnificent projects, Golf Place Terraces is also developed by Emaar Properties.
Prices and Property Features:
- 6-Bed villas—8488 square feet—From AED 10,500,000.
- 5-Bed villas—5745 square feet—From AED 8,002,000.
- 4-Bed villas—5431 square feet—From AED 7,250,000.
6. Rukan 2
Rukan 2 in Dubailand is one of the more affordable options on this list. Developed by Reportage Properties, Rukan 1 reported great success among investors and buyers.
The latest edition features modern townhouses with all the amenities and features for comfortable living. Special attention has been given to including green spaces in the project.
Additionally, the community features gated security 24/7, a clubhouse, and sports facilities.
Rukan 2 is located at Wadi AlSafa in Dubailand, Dubai, nearby Arabian Ranches. The community features easy access from Emirates Road.
Developed by:
Rukan 2 is developed by Reportage Properties. This developer started in Abu Dhabi in 2014 but has also developed a strong reputation in Dubai since then. Other successful projects by Reportage Properties include:
- Diva Yas Island
- Al Raha Lofts
- Oasis Residence
- The Gate
- Leonardo Residence
Prices and Property Features:
- 1 to 3-Bed townhouses—Area starting at 927 square feet
- Prices start from AED 628,000.
FAQs
- What are the best off-plan properties in Dubai in 2023?
Here are the six best off-plan projects in Dubai in 2023:
- La Rosa 5 at Villanova.
- District One Villas.
- Silver Springs Villas.
- Grand Bleu Tower 2.
- Golf Place Terraces Phase 2.
- Rukan 2.
- Can you sell an off-plan property in Dubai?
As an investor, you can sell your off-plan property in Dubai during and after the completion of the project.
However, if you want to sell it when it is under construction, you must meet certain restrictions and criteria by the developer.
- What are the key benefits of buying off-plan properties in Dubai?
Some key benefits of purchasing off-plan properties in Dubai include the ability to
- Purchase property at the lowest prices while they’re under construction.
- Sell the property before project completion at a profit.
- Invest in a property that is 100% brand new after completion.
Final Words
With this list, you may not have to look around for the best off-plan projects in Dubai with great ROI. Apart from their features, these properties carry a reputation because of the developers who inspire confidence in investors.
However, no matter how reliable a developer is, off-plan properties are susceptible to scams. It is always wise to consult an experienced real estate agency before investing in Dubai real estate. They are in close touch with the latest developments that the public is usually unaware of.
Confiding in such an agency and hiring their services will ensure you invest your money in the safest and most profitable off-plan property.