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Dubai Properties on High Demand as of August 2024

The property market in Dubai is dynamic. Investors are on the lookout for the most lucrative opportunities that Dubai has to offer, taking into account their budget, preferred location and developer’s reputation. As the demand for property continues to soar, new developments continue to be introduced to keep up with the demand. Find below the most highly demanded projects at the moment:

1. Palmiera 3 at The Oasis

Emaar’s new master community, The Oasis, is strategically located within close proximity to major roads, including Sheikh Zayed bin Hamdan Road, with easy access to the upcoming Al Maktoum International Airport

This upcoming community spans over 100 million square feet, set to accommodate over 7000 residences, including super-mansions, mansions and villas with panoramic views over gardens, water canals and lakes.

Image of a modern, luxurious three-story villa with expansive glass windows and a flat roof, located in Dubai. The property features a spacious outdoor area with a large swimming pool, surrounded by neatly trimmed hedges and lush greenery. In the foreground, two individuals appear to be enjoying the property’s amenities: one adult is standing by the poolside watching a child who seems to be running towards them. This image reflects the high demand for Dubai properties as of August 2024.

After the successful launch of the first 2 phases, Emaar is introducing its third phase of Palmiera Villas, meticulously crafted 4 bedroom villas in the heart of this Oasis.

Unit Type: 4 bedroom villas
Payment Plan: 80/20 with 10% down payment
Handover: Q4 2028
Starting Price: AED 9,180,000 ~ US $2,499,390

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2. The Acres at Dubailand

Meraas is a leading developer under the government-owned Dubai Holding. They are introducing an upcoming, exclusive selection of 3-5 bedroom villas in the heart of Dubailand along Emirates E611 road, offering close proximity to various entertainment attractions, including Global Village and the esteemed Dubai Polo & Equestrian Club, reached within 10 and 5 minutes respectively.

A panoramic view of a luxurious residential area in Dubai, showcasing modern villas with flat roofs and large glass windows, surrounded by lush greenery and interconnected by winding pathways. The properties are situated around a tranquil artificial lake with sandy shores and palm trees, reflecting the high demand for Dubai Properties as of August 2024.

Surrounded by 7 gardens and swimmable lagoons, The Acres is promising a tranquil lifestyle amidst nature. Units from previous phases have sold out, so this upcoming phase has been long awaited by many investors and end users.

Unit Type: 3 – 5 bedroom villas
Payment Plan: 65/35 with 10% down payment
Handover: Q1 2028
Starting Price: AED 5,500,000 ~ US $1,497,470

3. Sobha Orbis at Motor City

Sobha Realty is one of the most esteemed developers that is notable for their high quality finishing. Sobha has recently introduced Orbis, a development within Dubai Motor City boasting 7 high-rise towers conveniently located minutes away from both Mohammed bin Zayed Road and Al Qudra Road, ensuring easy accessibility to key destinations, including the upcoming Al Maktoum International Airport.

Image depicting a modern residential complex in Dubai, showcasing high-rise buildings with reflective glass facades and distinctive golden rooftop features. The foreground presents a luxurious swimming pool surrounded by lush greenery and comfortable seating areas, indicating a high standard of living. This setting reflects the high demand for Dubai properties as of August 2024.

This development offers 1, 1 bedroom + study and 2 bedroom apartments at affordable prices, making it one of the most price-competitive projects Sobha has ever launched. 

Unit Type: 1, 1.5 and 2 bedroom apartments
Payment Plan: 60/40 with 20% down payment
Handover: Q4 2027
Starting Price: AED 982,000 ~ US $267,363

4. Sobha Elwood Villas

Sobha’s latest villa development is the Sobha Elwood Villas, located at Al Yugrah along Al Ain-Dubai highway. This new community spans over 10 million square feet with lots greenery, parks, sports courts as well as a 7.5km long wellness track. This phase accommodates exclusive 4 – 6 bedroom spacious, standalone villas, ensuring ultimate privacy.

Aerial view of a luxurious residential area in Dubai, showcasing modern villas with flat roofs and private gardens, surrounded by lush greenery. Central to the image is a large, oasis-like communal swimming pool with people enjoying various water activities. The pool area is flanked by well-maintained pathways, palm trees, and sun loungers, indicating a high-end living community. This image reflects the high demand for Dubai Properties as of August 2024.

Compared to previous villa launches, Sobha has witnessed high capital appreciation rates, especially in their master developments, that go above an annual rate of 17%. An honorable mention is Sobha Estates, launched back in October of 2023 that witnessed this rate. We could project these high levels of capital appreciation to take place and grow further in this new community.

Unit Type: 4 – 6 bedroom villas
Payment Plan: 60/40 with 20% down payment
Handover: Q4 2027
Starting Price: AED 7,930,000 ~ US $2,159,057

5. One Sky Park at JVC

IMAN Developers is introducing a new, high-rise tower in JVC in collaboration with Versace Ceramics. This residence is set to accommodate 575 units, ranging from studios to 4 bedroom penthouses as well as over 65 premium amenities for residents to enjoy.

Image depicting a modern, multi-story residential building complex in Dubai, showcasing an array of amenities including a vibrant outdoor basketball court with players, a children’s playground with colorful equipment, and a luxurious pool area surrounded by lush greenery. The architecture features extensive glass facades reflecting the bright sunlight. This image illustrates why Dubai Properties are in High Demand as of August 2024, highlighting the city’s development and attractive lifestyle offerings.

With an average ROI of 7.6% and above depending on property type, JVC remains a popular spot for investors in this developed community as ROI is expected to grow further in the upcoming years once the projects are completed.

Unit Type: studios to 4 bedroom penthouses
Payment Plan: 60/40 with 20% down payment
Handover: Q4 2027
Starting Price: AED 750,000 ~ US $204,198

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6. Diamondz at JLT

Diamondz is Danube’s latest addition and second venture into Jumeirah Lake Towers. Danube is introducing 2 high-rise towers, with apartments ranging from studios to 4 bedrooms that come fully-furnished and equipped with appliances. Compared to existing towers in JLT, this 62-storey residence is one of the tallest and allows for unobstructed views over Uptown JLT and Jumeirah Island.

Dubai Properties in High Demand as of August 2024. The image showcases a pair of towering, illuminated skyscrapers at dusk with the name ‘DAMAC’ prominently displayed on the top of one building. These modern structures dominate the foreground against a backdrop of an expansive city skyline with numerous other high-rises. A large Ferris wheel is visible in the distance, adding to the urban landscape’s interest. The sky is painted with hues of blue and light clouds, suggesting early evening. The overall impression is one of a bustling, vibrant cityscape that reflects Dubai’s growth and the increasing appeal of its real estate market.

Average ROI in JLT is roughly 8%, with expected ROI to exceed 12% on short term rentals once the project is completed. Those factors accompanied by a flexible, post-handover payment plan makes Diamondz a sought-out after choice for many investors.

 Unit Type: studios to 4 bedroom apartments
Payment Plan: 70/30 with 30% post-handover
Handover: Q4 2027
Starting Price: AED 1,110,000 ~ US $302,218

7. Violet at Damac Hills 2

Damac’s final plot of townhouses is coming to Damac Hills 2, offering 4 bedroom townhouses that come with a unique G+2 configuration, covered parking and closed kitchen. Damac Hills 2 is a developed community with community-exclusive amenities, including sports courts, jogging tracks, community club, an artificial Malibu beach as well as a lazy river.

Modern two-story residential property in Dubai, showcasing its high demand as of August 2024. The property features a flat roof, large windows, and an external staircase leading to the upper floor. It is twilight with the moon visible in the sky, suggesting a serene evening atmosphere. In front of the house is a well-maintained street lined with lush greenery and vibrant flowers. A blue sports car is parked by the curb, indicating luxury and affluence. Several people are engaged in conversation on the sidewalk, adding to the lively community vibe of the area.

After the successful launch of the first 2 phases, the long anticipated 3rd phase is coming soon at competitive pricing as this plot is the last plot dedicated to townhouses in the community.

Unit Type: 4 bedroom townhouses
Launch Payment Plan:60/40 with 4% DLD waiver
Handover:Q2 2027
Starting Price: AED 1,911,000 ~ US $520,283

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