The UAE economy is booming, and it has become the world's most popular real estate market. It provides a lot of opportunities for the investors to explore top performing areas for off-plan projects. With a thriving real estate market, off-plan property areas have become popular for investors. Recently, off-plan properties accounted for 63% of all property sales. There is no doubt that Dubai has been a gigantic real estate investment market, attracting buyers and investors from all around the world for its prime locations, potential capital appreciation, high return on investment, and customizable design. Since Dubai gives massive return on your investment, but it can be challenging to find the top performing areas to buy for off-plan properties in UAE? Since there are many, which one will be the ideal choice and cater to your needs could be hectic. In this blog post, you will discover the list of off-plan areas according to your needs and desire.

Overview of the UAE Off-plan market

As the UAE off-plan market is growing rapidly, it offers substantial advantages to investors, such as lower prices and high returns. According to reports, 52,000 units are expected to be completed this year, with 78361 new units to be launched. A major reason for this significant growth is the country's revolving and emerging economy, which has made off-plan properties an attractive investment option worldwide.

Jumeirah Village Circle (JVC)

Jumeirah is one of the fastest-growing communities that offer affordable offline properties. Its family-friendly amenities like parks, shopping centres, schools, and restaurants make it the ideal place for families and young professional people. As per the Bayut’s Dubai sales report, its price surged between 5 to 12 per cent, making it the leading off-plan investment. In Q2 2024, JVC has also recorded 3102 transactions, totaling $805 million in sales value. That said, it is safe to say that JVC is a good option for buying off-plan property.

Mohammad Bin Rashid City (MBR City)

The exclusive district of Mohammad Bin Rashid City (MBR City) saw a significant growth in Q2 of 2024, with 1998 transactions totaling $664 million. In 2028, the MBR City is all set to deliver 19845 units including some notable projects such as Crest at Sobha Hartland. According to Haus&Hause, the two neighbourhoods including Sobha Hartland and Dubai Hills Estate rose by 15 and 17 % respectively. Areas like District One, District 11 and District 7 continued to offer off-plan opportunities with average return on investment ranging from 7.45% to 48.9%.

Business Bay

Business Bay is a district known for its rising property prices, recorded 1863 transactions with a sales value of $1.4 billion and the average gross investment remains at 7.8%. High performing off-plan projects like Jumeirah Living Business Bay and Bayz 101 attracted huge interest from the luxury investors. It is anticipated that it will also see around 20000 new residential units in the coming years.

Dubai South

The announcement of Al Maktoum International Airport plans has increased the popularity of the Dubai South. Several new townhouses and villa communities were launched in this area that resulted in 75 percent growth in townhouses and 360 percent growth in Villa sales. According to the recent reports, it is estimated that Dubai South will have an additional 14000 residential units added.  

Expo City Dubai

The Expo City Dubai offers modern off-plan properties including Expo city apartments in Sky Residencies. The area is a home to luxury villas and elegant town houses Yasmin Villas, Maha Villas and Shamsa townhouses. This residential and commercial district offers a luxurious lifestyle with all the modern amenities. The off-plan projects included here are villas, penthouses, and townhouses.

Dubai Hills Estate

Dubai Hills estate is vast development offering a wide range of residential properties. With its lush greenery and captivating view and centrally located makes it charming for the investors and potential buyers all around the world. For those interested in buying off-plan projects in UAE, it offers notable projects including 399 Hills Park by National Properties, Elvira by Emaar Properties, Golf Grand by Emaar Properties and Park side Hills by Emaar Properties. These projects contribute to the Dubai Hills Estate convenient lifestyle.

DAMAC Lagoons

Last but not the least,  Damac Lagoon is also in the top areas of off-plan projects for sale in UAE. This waterfront has 8 clusters that offers variety of properties such as Villas and townhouses. The spacious living areas, swimming pools and sports facilities make the property a stunning architecture. Additionally, Portofino DAMAC Lagoons offers 3 to 5 bedroom villas and 7 bedroom townhouses, while on the other hands, Santorini DAMAC Lagoons showcases villas and townhouses with opulent and immense gardens.

Off-plan future outlook

No doubt that Dubai’s real estate market and off-plan property market is growing rapidly with over 52000 units expected to be completed this year and 78361 to be launched in 2024. In addition to this, 297000 units are currently under construction that is a sign of strong market activity. As per the report by Real Trust UAE for Q2 2024, median price for off-plan properties is $419000, which is slight drop of only 0.6 percent. However, despite these issues, the investors are adamant and are interested in off-plan properties. So, it is crystal clear that the UAE real estate market offers areas for off-plan investments with their unique advantages and opportunities. The off-plan project areas mentioned above are shaping the future of country in building a string real estate market. So, by any stretch of imagination, one will not hesitate to invest in the UAE market if they are looking to capitalize the capital gains and secure desirable properties in top-notch areas.