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.

Palm Jumeirah Off Plan Properties

A Manmade Wonder of the World

Palm Jumeirah is an artificial archipelago in the United Arab Emirates, created using land reclamation. The island is located off the coast of Dubai and consists of a tree-shaped trunk with 16 fronds, surrounded by a crescent-shaped island. The Palm Jumeirah Island, developed by Nakheel Properties, is one of the most coveted communities in Dubai, offering luxury properties with top-notch facilities and opulent interiors to suit any resident’s demands.

AED 2,000,000

Starting Price

Buy Directly

from developer

An Architectural Endeavor

10 Minutes

to Marina

15 Minutes

to Sheikh Zayed Rd

25 Minutes

to Burj Al Arab

35 Minutes

to DXB

Palm Jumeirah

Properties for sale in Palm Jumeirah range from chic apartments to sprawling villas, and many offers stunning views of the Arabian Gulf. The Palm Jumeirah is also home to several schools, hospitals, and other businesses. As a result, it is a well-rounded community that has something to offer everyone. Whether you are looking for a place to relaxing or an exciting nightlife, the Palm Jumeirah has it all if you’re looking to buy properties in Palm Jumeirah.

If you’re looking for off plan properties in Palm Jumeirah, you’ll be spoilt for choice. Palm Jumeirah is one of the most sought-after locations in Dubai, and as such, there are a number of ultra-luxury developments underway that are gaining global traction in 2022 such as Orla Dorchester, Atlantis the Royal Residences and One Palm.

Ideal to Raise A Family

Properties for sale in Palm Jumeirah

APARTMENTS

PENTHOUSES

Serenia Living Residences

AED 22,767,000

APARTMENTS

PENTHOUSES

AVA at Palm Jumeirah

Ask for Price

APARTMENTS

PENTHOUSES

Six Senses The Palm

AED 9,400,000

APARTMENTS

Palm Tower Residences

AED 3,378,000

APARTMENTS

PENTHOUSES

Azizi Mina

AED 2,262,000

Why

Palm Jumeirah

The Palm Jumeirah Island, developed by Nakheel Properties, is one of the most coveted estates in Dubai and provides premium apartments with top-notch facilities and opulent interiors.

This man-made island in Dubai is truly a sight to behold, and it’s packed with features that will make your life more enjoyable. From the stunning beaches to the world-class restaurants, there’s something for everyone on Palm Jumeirah. And if you’re looking for a little excitement, you can always take a ride on the Palm Jumeirah Monorail or take a cruise down the Dubai Canal.