What exactly are off-plan projects?
As investors know, unfinished homes in the real estate market are called 'unplanned'. Off-plan or “off-plan” homes are often purchased directly from developers, but may also be purchased through investors. Numerous benefits, including significant price reductions and benefits over various payment options, open up exciting opportunities for investors.
Still, like any real estate transaction, buying an unplanned home in Dubai has its pros and cons. There are many things you should know before traveling like this.
This article explains what "off-plan" or "off-plan" homes are, the necessary legal paperwork, hazards, and rewards, as well as everything you need to know.
Documents and Legal Requirements for Purchasing Off-Plan Real Estate in Dubai
For investors, particularly foreigners, the quantity of paperwork and legal processes necessary for real estate purchases can be daunting. Having a guide or agent, on the other hand, can make things a little easier.
A few documents are necessary to complete the process of acquiring an off-plan home in Dubai. These records include:
- A valid copy of the Emirates ID
- Copy of passport
- Copy of Visa page
- Reservation form
- Sales and Purchase Agreement (SPA)
- Mortgage contract (where applicable)
However, in the initial phases of the discussions, particularly concerning reservations, just a few of these papers may be required. Nonetheless, when the transaction moves closer to completion, the purchaser must give each of these documents to the builder and the DLD for appropriate authentication.
Damac Bay 2 Cavalli
MAIN HIGHLIGHTS
- Luxury flats and ultra-luxury duplexes are available in this iconic masterpiece.
- A 49-story high-rise tower with breathtaking vistas is part of the grand design.
- Outstanding development with incredible features and cutting-edge technology
Amenities and facilities that are world-class
Cavalli is a benchmark for creating new standards and luxury. State-of-the-art designs with stunning convenience and comfort
Residents at
DAMAC Bay 2 Cavalli will be given access to outstanding amenities and one-of-a-kind services like the following:
- Floating relaxation pods
- Glamping tents
- Cavalli Museum & Art and Fashion Studio
- Infinity pools
- Zero-gravity dream pods
- Flotation therapy pods
- Tropical spa with banana leaf body treatments
- Cavalli-inspired diner
ABOUT
In DAMAC Bay 2, the latest generation of beachside luxury housing concept in Dubai Marina - one of the city's top oceanfront neighborhoods - you can escape to a lush tropical paradise and experience the beauty of nature at its finest. Immerse yourself in the sky, sun, and sea from the convenience of one, two, three, four, or five-bedroom luxurious residences with breathtaking views of the ocean and coastline.
This 49-story Cavalli-inspired hideaway is an architectural wonder of splendor, grandeur, and elegance, with unique facilities like floating relaxation pods, beauty and body treatments in glamping tents, and water therapies including hydrotherapy and hot tub boats. At DAMAC Bay 2, you might find tranquilly and answer the unique call of the wilderness.
PAYMENT PLAN
80% during construction.
20% on handover.
LOCATION
Cavalli's DAMAC Bay 2 is defined by its advantageous position in Dubai Harbour's distinctive waterfront district, amid Emaar Beachfront and Dubai Marina. Residents of the property will be able to have quick and easy access to the emirate's primary thoroughfare, the Sheikh Zayed Road. It takes roughly 40 minutes to drive to both Dubai International Airport and Al Maktoum International Airport.
2: Sobha Seahaven
MAIN HIGHLIGHTS
- Apartments ranging from one to four bedrooms are available.
- The most recent addition to Dubai Marina
- Beautiful and big residences
- Payment options that are simple and reasonable
- Exceptional panoramas of the Burj Al Arab, Marina, and Palm
- Premium facilities to meet everyone's demands
- Three-tower development with big units.
ABOUT
This 67-story skyscraper offers a variety of unique configurations and layouts. In addition, the building has full-floor units ranging in size from 11,492 to 11,498 square feet. The Sobha Seahaven apartments in Dubai Marina are a contemporary, cutting-edge structure, a development of exquisite residences, and a work of art in architecture.
Sobha Seahaven is your next luxurious yacht-inspired living space, with breezes caressing the skin and sea vistas surrounding you. Sobha SeaHaven in Dubai Marina is a magnificent property that embodies the best seaside living experience.
PAYMENT PLAN
| Installment |
Payment |
Milestone |
| Down Payment |
20% |
On Booking Date |
| 1st Installment |
10% |
Within 9 months of the reservation date |
| 2nd Installment |
10% |
Within 15 months of the reservation date |
| 3rd Installment |
10% |
Within 21 months of the reservation date |
| 4th Installment |
10% |
Within 27 months of the reservation date |
| 5th Installment |
10% |
Within 33 months of the reservation date |
| 6th Installment |
10% |
Within 29 months of the reservation date |
| Final Installment |
20% |
On Completion |
LOCATION
Meraas Holding's Dubai Marina is a luxury waterfront property. It covers 20 million square feet and is located at the crossroads of Bluewaters and Palm Jumeirah. It is an emblematic location, featuring the greatest and most sophisticated cruise port, poised to propel the city to the forefront of marine tourism.
The neighborhood has amazing beachfront inhabitants who enjoy stunning views of Dubai Marina and the Arabian Gulf. Lifestyle activities, leisure, and nightlife options abound here, making it suitable for households and young professionals as well.
Premium apartments in a new development
Located in the heart of Dubai Marina
Payment plans that are simple and flexible
Near several well-known landmarks
Exposure to several of the most luxurious facilities
As a resident of an amazing waterfront neighborhood
ABOUT
EMAAR Marina Shores is Emaar Properties' upcoming development, offering premium one, two, three, and four-bedroom apartments and 5 bedroom penthouses in Dubai Marina. The high-rise tower construction is built on the marina's final plot and provides an abundance of distinctive options.
The prominent location of the property at Dubai Marina provides a feasible waterfront address of choice with a plethora of recreational lifestyle alternatives. Its ideal location provides amazing views of the sea, as well as a palm-lined beachfront set against the stunning Marina skyline.
Discover innovative architecture in which each house is meticulously constructed with a premium environment to give you a waterfront lifestyle. The floor-to-ceiling windows provide breathtaking views of the city and are lined with high-end quality construction, great design, and color schemes.
PAYMENT PLAN
10% down payment on the booking date
70% during construction (1st to 8th installment)
20% on handover (100% completion)
LOCATION
The aforementioned residences are located in the center of Marina Promenade, close to Sheikh Zayed Road, and integrated transit connections.
06 Mins – Sheikh Zayed Road
12 Mins – Dubai Media City
20 Mins – DIFC
25 Mins – Dubai International Airport
MAIN HIGHLIGHTS
EMAAR 42 52 is located in Dubai Marina, a superb water-front site between the Dubai Metro and the Dubai Tram.
EMAAR 42 52 provides panoramic views of Dubai Marina, the Arabian Sea, and
Palm Jumeirah.
EMAAR 42 52 has a full-service fitness center, swimming pools, a kid's play area, and a multifunctional hall, as well as food and shopping choices.
Exclusive entry from the new Sheikh Zayed Road bridges will remove congestion from the Marina.
Meraas' latest entertainment attraction, Bluewaters Island.
Emaar's most recent housing project in Dubai Marina.
ABOUT
EMAAR 42 52, a magnificent housing complex just published by Emaar Properties, is located in a prominent position at Dubai Marina. The two separate 52- and 42-story buildings include 260 and 162 premium housing units, correspondingly, with an additional 44 apartments on the top level. There are 1 to 3-bedroom apartments available, all with immediate beach access and breathtaking views of Dubai Marina and the sea.
EMAAR 42 52 will be reachable through Sheikh Zayed Road and the future Blue Water Island Bridge, making the often-feared Dubai Marina traffic a thing of the past. This is Emaar's newest and most likely final construction in Dubai Marina, therefore it is expected to sell out shortly.
PAYMENT PLAN
| Installment |
Payment |
Milestone |
| 1st Installment |
25 % |
Down Payment |
| 2nd Installment |
75 % |
3 Years Post Handover |
EMAAR 42 52 is located in Dubai Marina, regarded as one of the most desirable neighborhoods for buying apartments in Dubai among buyers and investors. Sheikh Zayed Road connects the area to the rest of the city.
It is a 10-minute drive from EMAAR 42 52 to Palm Jumeirah, a 15-minute drive to The Walk at JBR, and a 20-minute drive to The Dubai Mall. Both Dubai International Airport (DXB) and Al Maktoum International Airport (DWC) are a 30-minute drive apart.
DAMAC Cavalli Tower
MAIN HIGHLIGHTS
- The world's first Cavalli-branded tower, offering 24-hour views of the Palm, Burj Al Arab, and Dubai cityscape.
- Designer apartments with direct beach access
- Payment plan for 5 years
- Unparalleled aquatic features, such as an artificial beach and private pools
- Access to the Westin Mina Seyahi private beach, waterpark membership and
- 25% discount on F&B
- Interiors by Cavalli
- Skypool & Garden
- Dining & Leisure
- 50% registration fee waiver
- Jet Elevators
ABOUT
DAMAC Properties created the opulent property in conjunction with world-renowned luxury fashion designer Roberto Cavalli. Tower sells ultra-luxurious one- to three-bedroom flats. This architectural wonder, which overlooks the Palm and is designed to steal your breath away, is reserved for a select few.
Cavalli Tower is a new addition to Dubai Marina, one of the most desirable neighborhoods in the city. The two renowned businesses previously collaborated on the idea of the Just Cavalli Villas in the prestigious DAMAC Hills 2 region.
Investors and end-users will have the option of selecting from the ultimate assortment of magnificent one, two, and three-bedroom apartments in a variety of sizes and layouts. Cavalli Tower residents will get spectacular views over the city.
PAYMENT PLAN
| Installment |
Milestone |
Percentage (%) |
| 1st Installment |
on Booking |
15% |
| 2nd to 4th |
Every 3 Months from the Sale |
5% |
| 5th to 15th |
Every 3 Months from 1 Year of Sale |
4% |
| 16th |
On Handover |
10% |
| 17th to 20th |
Every 3 Months from Handover |
4% |
LOCATION
The Sheikh Zayed Road connects DAMAC Cavalli Tower to the following districts: Dubai Knowledge Park, Downtown Dubai, DIFC, and Business Bay. All of these locations are within a half-hour drive of one another.
A 10-minute drive will take you to the Medcare Medical Centre and the American University in Dubai.
By car/taxi, you can reach Dubai International Airport (DXB) and Al Maktoum International Airport (DWC) in 30 minutes.
