Waegook Tom

A Blog About A Globetrotting English Teacher

Dubai

Investing in Dubai? Here are the top 3 offplan projects to invest in

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The off plan market has taken Dubai’s real estate industry by storm. A lot of investors are showing interest in the market, making it grow at a rapid speed. At the same time, developers have been constantly launching new projects in Dubai in different parts of the city. One of the biggest reason people are attracted to the off plan market is flexible payment terms. If you are looking forward to investing in the off-plan market, here are the top three projects you should consider.

1. Damac Towers by Paramount Hotels and Resorts

Damac Towers by Paramount Hotels and Resorts is one of the biggest projects under construction in Dubai. This development is 270-meter-tall (886ft) with 68 storeys and consists of residential and hotel tower.

The complex is developed by Paramount Hotels & Resorts in partnership with Damac Properties. There are 1200 luxury serviced suites that will offer luxury living with a twist of Hollywood lifestyle. These suites are housed in three towers. The fourth tower comprises of Paramount Hotel and a collection of Residences.

There will be a multi-level plaza that connects the towers and is themed with restaurants and bars, events facilities, a screening room, fitness centers, swimming pool and more.

2. Emaar Beachfront

Emaar Beachfront apartments are an exclusive residential development in the new maritime epicenter of Dubai Harbor. This development will provide a unique blend of cosmopolitan living in one of the most sought after locations.

This development is developed by Emaar Properties which is one of the biggest developers in the UAE. Some of the most prominent projects include Beach Vista, Sunrise Bay, Marina Vista, and Emaar Beachfront Apartments. The whole development will comprise of 27 towers which will have an exclusive view of the beach.

3. Dubai Creek Towers

 

The Dubai Creek Tower at Dubai Creek Harbour is one of the biggest mix development projects in the Middle East region. It is dubbed as ‘The Future of Living’ and is where the city meets the beach. The development is a pioneer of integrated living that features a combination of dynamic experiences, innovation, and unique design.

One of the most prominent features of the development is the Dubai Creek Tower. This will be the tallest structure in the world at 928 meters upstaging the Burj Khalifa by 100 meters. Some of the residential projects in the development include the Creek Gate, Harbor Gate, The Cove, Emaar Beachfront apartments.

Residences and visitors are promised a peaceful life close to the sea and remarkable surroundings. It will feature world-class residences, spectacular cultural offerings, shopping and a wide range of essential amenities.

5 things you can’t stop raving about in Dubai

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It is no secret that Dubai has become the most preferred destination in the last few years. For instance, between 2017 and 2018, the city received over fifteen million visitors from all over the world. There are lot of reasons why a lot of people visit and fall in love with the city.

Here are some reasons why the city is gaining popularity

1. Rapid development

Dubai has changed so much over the last few decades. If you get a chance to talk to a person who visited Dubai in the eighties, they will be describing a completely different city from what it is today. It is one of the most rapidly growing cities in the world.

Due to the rapid development, it is estimated that 24 percent of all cranes in the world are located in Dubai. At any moment, there is a skyscraper under construction to enhance the skyline. Apart from buildings, there is a wide range of man-made marvels that give visitors a great first impression. Creek Beach at Dubai Creek Harbour, Port de la mer and Bluewaters Residences are some of the prominent residential projects in Dubai.

2. Great shopping experience

Budget is one of the biggest factors to consider when traveling. There is a common misconception that Dubai can only accommodate rich shoppers. On the contrary, shoppers of any income level can find something in the city. Due to low taxes, commodities are cheaper compared to other cities like New York or London.

3. Sandy desert and the beach

In most cases, the fun offered by the beach and the sandy desert is often underestimated. There is a wide range of activities that visitors can enjoy in the desert such as riding camels and ATVs. On the other hand, Dubai has some of the best beaches in the world. The city gets around 300 days of sun in a year, meaning that you can spend almost the whole year on the beach.

4. Diversity

One of the greatest things about the city is its diversity. It is estimated that over eighty percent of the city’s population is foreign. This makes the city become a melting pot of cultures and traditions from all over the world.

5. Low crime rate

Dubai is one of the safest cities in the world with a crime rate at almost zero percent. There are very strict laws and regulations in the city. Also, the police force is highly equipped with top of the range technology.

Emaar Beachfront apartments are an ambitious project developed by Emaar Properties. The project is sold off plan and is expected to be completed by 2021. Take up this chance and become part of the fastest growing city in the world.