What does off-plan property mean?

Signing a contract to purchase a property that has not yet been built is known as an off – plan property . It is more inexpensive for potential investors to invest in off-plan projects in Dubai than it is to purchase a built-in home, which is pricier . Dubai’s real estate market draws serious investors from around the world.

Can anyone buy a property in Dubai?

In contrast to many other nations, the real estate market in Dubai is open to anyone. You are free to purchase and own property in any of Dubai’s freehold neighborhoods.

How can properties be registered in Dubai?

Dubai Land Department is the sole, legally authorized entity to register and document all real estate transactions. This is done through an electronic system (e-register) dedicated to this purpose, in accordance with DLD’s specific procedures and based on certain documents and papers. The transactions undertaken by real estate developers are recorded through the developers’ self-registration system. The rest of the transactions must be completed by the owner(s) or their representatives, with an official power of attorney at the Real Estate Registration Trustee centres located in different regions across Dubai.

Should real estate transactions be registered in Dubai Land Department?

All real estate legislations in Dubai stress the necessity of registering all real estate transactions including ownership, transfer, or change with or without compensation in order to guarantee the rights of investors. All r eal estate transactions that are not registered in DLD’s registers are considered invalid.

What guarantee do I have that my development will be completed?

The Real Estate Regulatory Authority (RERA) has established several requirements that the developer must meet in order to help ensure that an off-plan project is finished. One of these demands that the developer possess all the project-related land. Additionally, the developer must either provide a 20% bank guarantee down payment, place 20% in an escrow account, or finish 20% of the building before selling off-plan. RERA requires contractors to present a 10% performance guarantee in addition to the procedures .

When is the completed property transferred to the Real Estate Registry and the title deed issued?

The law requires developers to register completed projects in Dubai Land Department as soon as they receive a certificate of completion from the competent authorities. Accordingly, the real estate units that have been fully paid for will be transferred from the initial register to the Real Estate Registry and issuing the title deed/usufruct certificate for the investor.

Dubai Studio City Off Plan Properties

Urban Living Reinvented

Studio City is an area that specialises in film and entertainment production. The project was conceived in 2005, and it is being implemented by TECOM. The development covers an area of 2,043,867 sq. m (22,000,000 sq. ft) and was declared a free economic zone.

AED 421,600

Starting Price

Buy Directly

from developer

The Life You Dream In The Place You Want

10 Minutes

to Dubai Hills

15 Minutes

to Downtown

25 Minutes

to DXB

30 Minutes

to DWC

Dubai Studio City

Construction began on the project in June 2007, and there are still several undeveloped areas. There are three sound studios and a workshop for prop production that covers an area of 12,077 sq. m (130,000 sq. ft). It is possible to purchase a site in the area to build a private film or recording studio. Prospective buyers can also choose to buy a freelance office in a business centre. Studio City has one 15-storey building and four six-storey buildings that house commercial real estate.

The area is located between Sheikh Zayed Road and Al Sufouh Road. The Media City economic zone, which specialises in media production and publishing, is located within a short distance away. There are residential properties in Studio City that were designed primarily to accommodate actors and film crews. Units are available for sale and rent, and they feature floor plans with one to three bedrooms.

A Lush Community in An Urban Setting

Properties for sale in Dubai Studio City

APARTMENTS

Celia Residence

AED 421,600

Why

Dubai Studio City

Studio City has several bus routes, including F30, F32, J02. The nearest Metro station is Dubai Internet City, which can be reached within 10 minutes. Residents have access to local grocery stores, such as Spar Express and Blue Mart. The nearest schools and medical facilities are located within 10 minutes of the project in the neighbouring communities of Motor City and Arabian Ranches 2.

The area offers unique opportunities for investors. There are 275 media companies located in Studio City. Business owners can set up everything they need in one place, and the free zone was designed to reduce the time spent on obtaining licences and visas.

Studio City real estate is in high demand due to its association with the film industry. The area hosts seminars and training courses in partnership with accredited film schools. Studio City is an ideal place for professionals working in television, broadcasting, music, and film. The area continues to grow and offers opportunities for new business projects.