Why Some Customers want ‘Off-Plan’ Property
We are frequently asked about ‘off-plan’ or ‘under-construction’ property with good payment plans. Developers promote such properties at high prices but with the attraction of payment plans spread over 2 to 3 years. Currently such properties are typically premium 1-bed units costing over AED 1 million (£180K); or larger even more expensive properties for future own use. Due to the payment plans over 2 to 3 years, the properties seem affordable and good value to investors.
Whilst there are some good off-plan projects being launched, buyers still need to be careful.
‘Mohammed Bin Rashid’ City with World’s Biggest Mall
Last week a new city has been announced by Sheikh Mohammed – ruler of Dubai as follows:-
-It is called Mohammed Bin Rashid City
-It is the biggest Dubai project announced since the financial downturn of 2008
-The master developers will be Emaar and State owned ‘Dubai Holdings’
-This massive new city lies between developed areas of Business Bay, Burj & Meydan in the North and Emirates Road & Dubailand in the south
-The City will be over 5 square kilometres and will include Malls, Parks, golf courses, over 100 hotels and complete Residential Communities
-The main mall will be the biggest mall in the World (much bigger than existing Dubai Malls). It will be called “The Mall of the World”
Click the link below to view the Panorama Map in your browser. Take a look at this AMAZING view
Dubai Panorama Map –The Burj Khalifa Pinnacle Panorama – Click Here
This shows you a 360 degrees view of Dubai from the very top of the Burj Khalifa. You can Pan and Zoom (High res) and see virtually any landmark in Dubai. In conjunction with the Property map you can relate different property areas to key visible landmarks. Although some areas are in the distance you can zoom in.
Click on the above link to view the Map. You can use the mouse or arrow key to pan and zoom
Openshore Dubai Property Map
Please email us to request the new Openshore Dubai Property Map. This is a pdf files that gets updated regularly and is not on this site.
If you are looking to buy a property in Dubai, you should spend some time looking at the Property Map and reading the information below.
The Map is on two A3 sheets and is divided into 4 pages. “Old Dubai” is at the top of pages 1 & 2. The rest is sometimes referred to as “New Dubai” and is shown in pages 3 & 4 and bottom of pages 1 & 2. Overseas buyers can only purchase freehold properties in the “New Dubai” areas. See below the following sections:-
1. Dubai Property Map Summary
2. All Property Areas by Type of Property
3. Property Price Trends & Actual Prices
The past 12 months have been worrying for many Dubai property investors. Property prices have fallen by over 50% and many off-plan projects (for which customers have typically paid 10% to 40% on a payment plan) are severely delayed and on hold.
Here is the Timeline