Freehold Ownership in the United Arab Emirates (UAE) became available to non- GCC nationals in 2002 when Government developers Emaar Properties PJSC, Nakheel Properties and Dubai Properties Group released off-plan inventory to the resident and overseas investors. Developments included the iconic Palm Jumeirah, Emirates Living, Dubai Marina, Downtown, Arabian Ranches, to name but a few.
Today there is still a strong investor sentiment particularly in Dubai, not only for the developed communities, but for emerging areas such as Business Bay, Dubai Sports City, Dubailand, Jumeirah Village, Jumeirah Park, and Al Furjan. Following the more subdued years of 2009-2011, Emaar Properties PJSC took the lead in launching the first off-plan project in May 2012, Panorama, The Greens, which was sold out in a number of hours!
With the UAE economy strengthening and a victorious bid for Expo 2020, investment into the domestic property market has recovered significantly where typically new projects will be delivered between 2015-2018. Payment plans vary in structure between developers plus the quality and location of new build should be researched before committing to this type of investment.
It is for this reason and with a vast with an array of choice, that we recommend consulting one of our qualified sales executives who have the necessary experience to advise you.
For more information please contact Helen Tatham: