The latest quarterly report released by real estate portal Bayut has revealed a list of the best-selling off-plan properties in Dubai.
Throughout the first quarter of this year, Dubai recorded almost 37,000 property sales transactions worth a staggering AED109.6 billion, reflecting high investor confidence in the city’s real estate market.
The Bayut report registered an increase in demand for family-oriented residences, particularly in the luxury and mid-tier communities. The top areas for affordable properties were in International City, Dubai South, and DAMAC Hills 2 while investors seeking luxury properties searched for units in Dubai Marina, Business Bay, Arabian Ranches, and Dubai Hills.
Meanwhile, off-plan sales transactions are also seeing an increasing amount of investor interest. According to Bayut, here are Q1’s most sought-after off-plan projects for apartments and villas in Dubai.
Burj Binghatti Jacob & Co Residences in Business Bay
The project is a collaboration between Emirati real estate developer Binghatti and luxury jewellery company Jacob & Co.
Slated to be the world’s tallest residential structure, the tower will include two and three-bedroom suites, reportedly ranging from AED8 million to AED10 million. The tower will feature two-bedroom apartments called Sapphire Suite measuring 2000 square feet and three-bedroom apartments called Emerald Suite measuring 3000 square feet.
It will also include three types of penthouses: Fleurs Jardin Penthouse, Astronomia Penthouse, and Billionaire Penthouse.
JVC District 10 in Jumeirah Village Circle
One of the 10 sub-communities within the greater community of Jumeirah Village Circle, the area has off-plan apartments ranging from around AED500,000 to AED7.8 million.
This area is the fastest-selling for apartments in the mid-market segment, Bayut found.
There are several off-plan projects including Empire Suites, Lucky 2 Residence, Serenity Lakes 2, Stonehenge Residences, and Binghatti House among others.
Verdana II in Dubai Investment Park (DIP)
Verdana II is an off-plan residential project located in Dubai Investments Park.
It offers one to five-bedroom contemporary-styled townhouses for sale between AED 550,000 to AED2.29 million.
Alaya in Tilal Al Ghaf
Alaya at Tilal Al Ghaf is a new residential project located in the well-known Tilal Al Ghaf community that offers an exclusive collection of four-, five-, and six-bedroom luxury villas developed by Majid Al Futtaim. Property prices start from AED6.9 million.
The premium living spaces and communal areas at Alaya have been designed to provide a comfortable urban living experience focused on residents and family-friendly experiences.
Al Furjan West in Al Furjan
Al Furjan West is a residential community located within Dubai’s Al Furjan area in the Jebel Ali District which is currently under development by Nakheel.
Villanova in Dubailand
Villanova by Dubai Properties offers spacious three- to five-bedroom Mediterranean-inspired villas and townhouses within a lively community featuring over 215,000 square feet of retail space including stores, a clinic, cinema, and school.
The prices for some properties in the community can range from AED1.2 million to just over AED2 million.
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