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.

Jumeirah Village Circle Off Plan Properties

A Comfortable Lifestyle Awaits You

Al Khail Road situated at the upper part and Sheikh Zayed Road at the south encircle this small residential area, making it highly practical to live there as it is so well connected to the rest of Dubai.

AED 500,000

Starting Price

Easy 70/30

Payment Plan

Excellent in Everything

15 Minutes

to Marina

25 Minutes

to Downtown

30 Minutes

to DXB

40 Minutes

to DWC

Jumeirah Village Circle

JVC is a gorgeously planned neighbourhood with a large selection of residences. From opulent homes to roomy apartments, everything is available for purchase. You won’t have to travel far to find what you need because the neighbourhood is home to a large number of shops, cafés, and restaurants.

If you’re looking for Jumeirah Village Circle properties for sale, you’ll find a wide selection of off-Plan developments to choose from. Whether you’re looking for a studio apartment or a spacious villa, there’s an off-plan property portfolio in JVC that is ideal for investors, and with prices starting from just AED 499,000, investing in an Off-Plan property in JVC is more affordable than you think.

Height of High-End Living

Properties for sale in JVC

APARTMENTS

Oakley Square Residences

AED 500,000

Why

Jumeirah Village Circle

First, the location is perfect for those who want to be close to the action but still have a sense of peace and quiet. JVC is situated in the heart of Dubai, meaning that residents are just a short drive away from all of the city’s major attractions. However, the area is also relatively quiet and residential, providing a welcome respite from the hustle and bustle of downtown Dubai.

Al Khail Road to the north-west and Sheikh Zayed Road to the south encircle this small residential area, making it practical to live there.

There are many advantages and conveniences available to homeowners in this affluent community. From shops to community amenities such as parks and schools being close by – it is ideal for young families.