New building
Property type
No. of bedrooms
Area

Land plots for construction in Dubai and northern emirates keep luring large investors

28.11.2017

Land plot transactions in Dubai reached the impressive total of USD 18.52 billion (AED 68 billion).

The conjuncture of the land sales market created since 2014 made land plot purchasing irrelevant as a buy-to-resell option in the short term, resulting in a shift from speculation to buying plots by end users and developers for further construction purposes, or as a long-term investment asset, according to Dubai analysts.

Since 2012, experts say, there has been a steady trend towards increased land sales, especially in Dubai’s Business Bay. Moreover, not only transactions number is growing, but land prices too, as well as the size of most demanded plots. Over the last five years, land sales increased from AED 482 million to AED 3.3 billion per year, and the area of ​​plots sold — from 6.8 to 23 hectares.

As for the most popular Dubai districts for buying land plots, the sites in the above mentioned Business Bay topped the list, after the area having acquired a new, more prestigious status due to large-scale infrastructure changes and the Dubai Canal opening, which brought life to previously unclaimed land plots along the new water body.

However, other Dubai areas won’t lag behind too far. Considering that almost all land plots for construction in the center of Dubai had been already developed, investors and builders are rushing to the periphery, i.e. to the areas near Jebel Ali port, or even to the northern emirates, for example, to Ras Al Khaimah, where investment opportunities for buying land are amazing. The project of manmade Al-Marjan islands with already well-developed infrastructure, offers non-taxable freehold plots for construction of resort-type real estate units on the first seafront line, with up to 12% annual ROI. The area of ​​Al-Marjan plots varies from 2000 m2 to 37 hectares (the whole island), and the prices start at AED 3780 per square meter. And also, payment plans allow paying up to 90% of the land cost in installments.

For investments in land plots of the Al-Marjan Island and in Dubai, please contact the Head of the Real Estate Investments Department at the Russian Business Council, Oleg Lavrik:

Mob.tel.: +971 502528188 (Viber, WhatsApp, Telegram, IMO)

Email: oleg@imexre.com

Skype: resident69

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Call management
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management