Start of sales in new residential projects in Dubai

Not only UAE residents are actively acquiring property in Dubai. It is also in demand among expats. Dazzling skyscrapers in Dubai attract foreigners from all over the world. According to a report from the Dubai Land Department (DLD), in August 2022, 9,720 sales transactions were registered in the emirate. The growth rate of home sales amounted to 69.57%, which is the highest figure in August for the last decade. Off-plan property sales also showed a significant increase – by 72.1% compared to August 2021. This confirms the increased interest of buyers in real estate in new projects that have already been commissioned, but also in off-plan real estate.

Top 10 new residential projects in Dubai

The most popular new projects in Dubai for foreigners to move in have common distinctive characteristics. Among them are the proximity to the coast and the central areas of the metropolis, the development of the neighborhood`s infrastructure, as well as a wide range of amenities in the project.

Damac Safa One

The project is located in the picturesque area of ​​Al Safa and consists of two skyscrapers with a unique design. The housing it offers is exclusive apartments with one to three bedrooms, as well as five-bedroom penthouses. The residential project includes everything you need: a modern gym, indoor gardens, cafes and restaurants.

  • Completion in the first quarter of 2026.
  • Cost from AED 1.93 million ($525,500).

Cavalli Estates

The residential complex in Damac Hills includes 200 premium villas. The project was developed jointly with the Italian couturier Roberto Cavalli. Villas vary in size and number of bedrooms. Villas feature rooms for staff, dressing rooms, parking spaces for several cars. The community offers walking areas, landscaped gardens, sports and playgrounds.

  • Delivery in the II quarter of 2024.
  • Cost from AED 19.85 million ($5.4 million).

Damac Lagoons

The residential project in Dubailand includes villas and townhouses with three to seven bedrooms. The territory is divided into eight clusters, the theme of which is the architecture of different countries. The stylish residential project features swimming pools, private beaches, landscaped recreation areas, top restaurants and cafes.

  • Delivery in Q4 in 2024.
  • Cost from AED 2.55 million ($694,500).

One Palm

The 22-storey tower has been built on the territory of the legendary Palm Jumeirah. This is one of the best neighborhoods to live. The building has an original design and architecture. Inside are apartments and penthouses with three and four bedrooms. The windows offer magnificent views of the Persian Gulf. Apartment owners get access to a private beach and the opportunity to lead the most comfortable lifestyle.

  • Commissioned in the II quarter of 2021.
  • Cost from AED 24 million (6.5 million $).

Six Senses The Palm

The Select Group project is located on the elite man-made island of Palm Jumeirah. It is a short drive from Dubai`s central attractions. Six Senses is a tower with exclusive residences that offer amazing sea views. The residential project provides not only apartments with an exclusive floor plan, but also duplexes, penthouses and villas.

  • Delivery in Q4 in 2024.
  • Cost from AED 9.4 million ($2.56 million).

Seven Residences

The two towers in Dubai, united by a suspended terrace, include residential and commercial real estate. One tower will house a hotel, while the second tower will house studio units, one-, two- or three-bedroom apartments and penthouses. The unique floor plans allow the residents of the project to enjoy all the benefits of the hotel infrastructure: sophisticated restaurants, sports rounds and children`s playgrounds and swimming pools.

  • Commissioned in Q3 2021.
  • Cost from AED 650,000 ($177,000).

Palm Beach Towers 3

A multidisciplinary complex on Palm Jumeirah is under development. These are three towers, the lower floors of which will be given over to trade and entertainment facilities; the rest of the area will be occupied by apartments with one to three bedrooms. The project includes a beach club with a park that residents will be able to use.

  • Delivery in the first quarter of 2026.
  • Cost from 3.7 million AED ($1.07 million).

Ellington Beach House

The complex is located in Palm Jumeirah. Luxury real estate overlooking the Persian Gulf provides an intimate lifestyle. The project includes apartments with one to four bedrooms and luxurious penthouses. The infrastructure of the residential complex provides everything you need: a private beach, playgrounds for sports and leisure activities, green spaces.

  • Delivery in Q2 2023.
  • Cost from AED 4.6 million ($1.25 million).

Royal Atlantis Resort & Residences

The high-rise project is also located in Palm Jumeirah. Owners get access to a wide range of entertainment services, including a water park, numerous cafes and restaurants. Inside the project, there are apartments and penthouses with unique designs. Starting home prices are AED 7.3 million ($2 million).

The Palm Tower

The project on the man-made archipelago is ready to move in. The 52-story tower includes several types of residences. It has 432 apartments – studios and apartments with one, two and three bedrooms. Residents get direct access to the developed internal infrastructure of the residential project as well as to the Nakheel Mall shopping center. The project has been completed. The cost of apartments starts from AED 1.7 million ($462,000).

New residential projects in Dubai for investment

Taking into account the economic instability in the world, real estate in the largest metropolis of the UAE allows not only to save money from inflation but also to increase it. The benefits of investing in the best projects in Dubai are numerous:

  • Affordable cost of housing and the ability to choose property for any budget.
  • High liquidity of the housing. Most of the population of the metropolis are expats, so housing is always in high demand.
  • ROIs reaching 10% per annum. The final amount of possible profit depends on the specific area.
  • Annual capitalization of the cost of investments. Property prices in Dubai are steadily rising.
  • Opportunity to profit from renting out your property. There are no personal income taxes in the United Arab Emirates.

Investments in off-plan housing in Dubai remain the most profitable. Apartments under construction have a more affordable price compared to ready-made housing. This allows you to make a profit from reselling your home by the time the residential project is commissioned. Many developers offer a profitable installment system, thanks to which the buyer pays the money in stages, while most of the amount is paid at the time of delivery of the project. This reduces risks and provides an opportunity to become the owner of overseas real estate even with a small budget and without additional mortgage payments.

AX CAPITAL will help you choose the best real estate in Dubai

Our licensed real estate agency in Dubai will help you find apartments in a new competed project in Dubai as well as off-plan projects. Our regularly updated property database features all real-time offers in the emirate. You can purchase apartments at the start of sales in new projects. Specialists will advise on any issue related to the purchase of real estate in Dubai, just fill out the feedback form. Find your perfect home with AX CAPITAL!