Off-plan property investment in Arjan, Dubai is a type of real estate investment where the buyer purchases a property that is still under construction or not yet built.
Off-plan property investment in Dubai is usually offered by developers at lower prices than completed properties, with flexible payment plans and attractive incentives.
Off-plan properties in Arjan, Dubai can be a lucrative option for investors who want to benefit from the potential capital appreciation, rental income and resale value of the property once it is completed.
About Arjan
Arjan is a mixed-use development project located in Dubailand, one of the largest leisure and entertainment destinations in Dubai. Arjan covers an area of 10 million square feet and features residential, commercial, retail and hospitality developments.
Arjan is designed to be a self-sustaining community that offers a high quality of life for its residents and visitors.
Arjan is home to some of the most iconic landmarks in Dubai, such as the Miracle Garden, the Butterfly Garden and the Dubai Science Park.
Arjan is also well-connected to the main roads and highways of Dubai, such as Sheikh Mohammed Bin Zayed Road, Umm Suqeim Road and Al Khail Road, which provide easy access to other parts of the city.
How Is The Arjan Real Estate Market?
The Dubai Arjan real estate market is one of the most dynamic and affordable markets in the city. According to the latest data from Property Finder, the average price per square foot for off-plan apartments in Arjan was AED 691 in November 2021, which was 7.8% lower than the previous year.
- The average price for studios was AED 375,000, for one-bedroom apartments was AED 550,000 and for two-bedroom apartments was AED 850,000.
- The average rental price per square foot for apartments in Arjan was AED 47 in November 2021, which was 4.1% lower than the previous year.
- The average annual rent for studios was AED 25,000, for one-bedroom apartments was AED 40,000 and for two-bedroom apartments was AED 60,000.
How Is The Off-Plan Property Market In Arjan?
The off-plan property market in Arjan is one of the most active and attractive markets in Dubai. According to the latest data from Dxboffplan.com, there are currently 47 off-plan projects in Arjan, offering a variety of apartments with different sizes, designs and amenities.
The average price per square foot for off-plan apartments in Arjan was AED 1,015 in November 2021, which was higher than the average price for ready apartments.
The average price for studios was AED 500,000, for one-bedroom apartments was AED 800,000 and for two-bedroom apartments was AED 1,200,000. The off-plan projects in Arjan are expected to be completed between Q4 2022 and Q3 2026.
What Are The Benefits Of Off-Plan Property In Arjan?
Some of the benefits of off-plan property in Arjan are:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Buyers can also benefit from discounts and promotions offered by developers.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow buyers to pay in installments over a period of time, depending on the project’s progress. This can help buyers to manage their cash flow and budget better.
- Higher returns: Off-plan properties have the potential to appreciate in value over time, as the demand and supply factors change in the market. Buyers can also earn rental income from their off-plan properties once they are completed and handed over.
- Customization options: Off-plan properties give buyers the opportunity to customize their properties according to their preferences and needs. Buyers can choose from different layouts, finishes and fittings that suit their taste and lifestyle.
- Newer facilities: Off-plan properties are usually equipped with newer and more advanced facilities and amenities than ready properties. Buyers can enjoy features such as smart home systems, energy-efficient appliances, modern security systems and more.
What Are The Disadvantages Of Off-Plan Properties In Arjan?
Some of the disadvantages of off-plan properties in Arjan are:
- Risk of delays: Off-plan properties are subject to construction delays that may affect the completion date and handover of the project. Delays can be caused by various factors such as market conditions, regulatory approvals, funding issues, technical problems and more.
- Risk of changes: Off-plan properties are subject to changes that may affect the quality and specifications of the project. Changes can be made by developers due to design modifications, cost optimization, market feedback or other reasons.
- Risk of cancellation: Off-plan properties are subject to cancellation that may affect the refund and compensation of the buyers. Cancellation can occur if the developer fails to deliver the project or comply with the contractual obligations.
- Lack of physical inspection: Off-plan properties are not available for physical inspection by the buyers, as they are still under construction or not yet built. Buyers have to rely on the brochures, floor plans, mock-ups and showrooms provided by the developers.
- Lack of immediate occupancy: Off-plan properties are not ready for immediate occupancy by the buyers, as they have to wait until the project is completed and handed over. Buyers have to plan their moving and living arrangements accordingly.
What Is The ROI On Off-Plan Properties In Arjan?
The ROI on off-plan properties in Arjan is important for people that want to start with property investment in Dubai and depends on various factors such as the purchase price, the rental income, the capital appreciation, the maintenance costs and the selling price.
Based on estimates, the table below shows the potential ROI on off-plan properties in Arjan for different types of apartments:
Type | Purchase Price (AED) | Rental Income (AED/year) | Capital Appreciation (%/year) | Maintenance Costs (AED/year) | Selling Price (AED) after 5 years | ROI (%) after 5 years |
---|---|---|---|---|---|---|
Studio | 500,000 | 30,000 | 5 | 5,000 | 638,140 | 8.2 |
1-Bedroom | 800,000 | 48,000 | 5 | 8,000 | 1,021,024 | 8.4 |
2-Bedroom | 1,200,000 | 72,000 | 5 | 12,000 | 1,531,536 | 8.6 |
Why Is Arjan Off-Plan Property Interesting For Real Estate Developers?
Arjan off-plan property is interesting for real estate developers because:
- It is a strategic location: Arjan is located in Dubailand, one of the largest leisure and entertainment destinations in Dubai. It is close to some of the most popular attractions and landmarks in the city, such as Dubai Miracle Garden, Dubai Butterfly Garden and Dubai Science Park. It is also well-connected to the main roads and highways of Dubai, such as Sheikh Mohammed Bin Zayed Road, Umm Suqeim Road and Al Khail Road.
- It is a growing market: Arjan is a mixed-use development project that offers a variety of residential, commercial, retail and hospitality developments. It is designed to be a self-sustaining community that offers a high quality of life for its residents and visitors. It has a high demand for affordable and quality housing from various segments of the population.
- It is a competitive advantage: Arjan off-plan property gives developers the opportunity to offer lower prices, flexible payment plans and attractive incentives to buyers and investors at an early stage of the project. It also gives developers the chance to customize their projects according to the market feedback and preferences.
- It is a profitable venture: Arjan off-plan property has the potential to generate higher returns for developers in terms of capital appreciation, rental income and resale value. It also has lower construction costs and risks compared to ready properties.
Why Is Arjan Off-Plan Property Interesting For Real Estate Investors?
Arjan off-plan property is interesting for real estate investors because:
- It is a lower entry point: Arjan off-plan property is usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Investors can also benefit from discounts and promotions offered by developers.
- It is a flexible investment: Arjan off-plan property usually comes with flexible payment plans that allow investors to pay in installments over a period of time, depending on the project’s progress.
Why Is Arjan Off-Plan Property Interesting For Off-Plan Buyers?
Arjan off-plan property is interesting for off-plan buyers because:
- It is a quality lifestyle: Arjan off-plan property offers a quality lifestyle for off-plan buyers who want to live in a vibrant and diverse community. Arjan has many amenities and facilities that cater to the needs and preferences of different segments of the population, such as schools, hospitals, hotels, supermarkets, shopping malls, parks, gardens and more.
- It is a future potential: Arjan off-plan property offers a future potential for off-plan buyers who want to benefit from the growth and development of the area. Arjan is part of Dubailand, one of the largest leisure and entertainment destinations in Dubai. It is close to some of the most popular attractions and landmarks in the city, such as Dubai Miracle Garden, Dubai Butterfly Garden and Dubai Science Park. It is also well-connected to the main roads and highways of Dubai, such as Sheikh Mohammed Bin Zayed Road, Umm Suqeim Road and Al Khail Road.
- It is a personal choice: Arjan off-plan property offers a personal choice for off-plan buyers who want to customize their properties according to their preferences and needs. Off-plan buyers can choose from different layouts, finishes and fittings that suit their taste and lifestyle. They can also enjoy features such as smart home systems, energy-efficient appliances, modern security systems and more.
What To Consider When Buying Off-Plan Properties in Dubai Arjan?
Buying off-plan properties in Dubai Arjan can be a rewarding investment, but it also involves some risks and challenges. Therefore, buyers should consider some important factors before making a decision, such as:
1. Developer reputation
Buyers should check the reputation and track record of the developer who is offering the off-plan property. They should verify the developer’s credentials, experience, portfolio, financial stability, customer reviews and ratings.
They should also check if the developer has obtained all the necessary approvals and permits from the relevant authorities, such as RERA (Real Estate Regulatory Agency), DLD (Dubai Land Department) and DREC (Dubai Real Estate Corporation).
2. Project location
Buyers should check the location and surroundings of the off-plan property. They should assess the accessibility, connectivity, infrastructure, amenities and facilities of the area. They should also consider the future plans and developments that may affect the value and demand of the property.
3. Payment plans
Buyers should check the off-plan payment plans and options offered by the developer for the off-plan property. They should compare the prices, discounts, promotions and incentives offered by different developers. They should also check the payment schedule, milestones, penalties and refunds in case of delays or cancellations.
4. Payment structure options
Buyers should check the different financing options offered by the developer for the off-plan property. They should choose the option that suits their budget and cash flow. Some of the common payment structure options are:
- Cash payment: Buyers pay the full amount upfront or in one installment.
- Mortgage payment: Buyers take a loan from a bank or a financial institution to pay for the property.
- Post-handover payment: Buyers pay a percentage of the amount during construction and the remaining amount after handover.
- Rent-to-own payment: Buyers pay a monthly rent for a period of time until they own the property.
5. Due Dilligence
Buyers should conduct due diligence before buying an off-plan property in Dubai Arjan. They should inspect the brochures, floor plans, mock-ups and showrooms provided by the developer. They should also visit the site and monitor the progress of construction. They should also consult with a lawyer or a real estate agent to review the contract and terms and conditions of the purchase.
6. Property Tax
Buyers should be aware of the property tax implications of buying an off-plan property in Dubai Arjan. They should know that they have to pay a 4% registration fee to DLD upon purchase. They should also know that they have to pay an annual service charge to the developer or the owners association for maintenance and management of common areas and facilities. They should also know that they have to pay a 5% VAT (Value Added Tax) on some services related to their property.
Community Overview Of Arjan
Arjan is a mixed-use development project that offers a community overview of art and culture in Dubai. It is a thriving neighbourhood that features residential complexes, commercial buildings and retail developments.
What Are The Most Popular Buildings In Arjan?
Some of the most popular buildings in Arjan are:
- Geepas Tower: A 23-storey residential tower that offers studios, one-bedroom and two-bedroom apartments with modern amenities and facilities. It is located near Miracle Garden and has a supermarket, a pharmacy, a salon and a restaurant on the ground floor.
- Vincitore Palacio: A 12-storey residential tower that offers studios, one-bedroom and two-bedroom apartments with elegant designs and premium finishes. It is located near Dubai Science Park and has a swimming pool, a gym, a sauna, a steam room and a landscaped garden.
- Lincoln Park: A five-building residential complex that offers studios, one-bedroom and two-bedroom apartments with contemporary architecture and spacious layouts. It is located near Umm Suqeim Road and has a swimming pool, a gym, a sauna, a steam room and a barbecue area.
- Samana Hills: A five-storey residential building that offers studios and one-bedroom apartments with fully furnished and serviced options. It is located near Butterfly Garden and has a swimming pool, a gym, a sauna, a steam room and a rooftop garden.
- Joya Blanca Residences: A nine-storey residential building that offers studios, one-bedroom and two-bedroom apartments with smart home systems and energy-efficient features. It is located near Al Barsha South and has a swimming pool, a gym, a sauna, a steam room and a kids’ play area.
Which Transportation And Parking Spaces Are There In Arjan?
Transportation and parking spaces in Arjan are currently limited, as the community is still developing. However, there are some options available for residents and visitors, such as:
- Bus: There are two bus routes that serve Arjan: F36 and F38. They connect Arjan to Mall of the Emirates metro station and other areas such as Al Barsha South, Dubai Science Park and Motor City.
- Taxi: There are taxis available in Arjan that can be hailed on the street or booked online or by phone. They charge by the meter and offer a convenient way to travel around the city.
- Car: There are car rental services available in Arjan that offer daily, weekly or monthly options. They provide a range of vehicles from economy to luxury models. They require a valid driving license and a credit card for payment.
- Parking: There are parking spaces available in Arjan for residents and visitors. Most of the buildings have basement or ground-level parking for residents. Some of the retail outlets have free or paid parking for visitors. There are also some street parking spaces available along the roads.
Which Amenities, Schools And Healthcare Are There In Arjan?
Arjan has many amenities, schools and healthcare facilities that cater to the needs and preferences of its residents and visitors. Some of them are:
- Amenities: Arjan has a variety of amenities that enhance the quality of life and convenience of its community. Some of them are supermarkets, pharmacies, salons, restaurants, cafes, banks, ATMs, petrol stations, mosques and more.
- Schools: Arjan has several schools that offer different curricula and levels of education for children and students. Some of them are Safa Community School, Nord Anglia International School Dubai, Global Indian International School, GEMS World Academy and Dubai Heights Academy.
- Healthcare: Arjan has several healthcare facilities that provide medical and dental services for its community. Some of them are Mediclinic Parkview Hospital, Aster Clinic, Medicentres Motor City, Dr. Joy Dental Clinic and Al Barsha Veterinary Clinic.
Which Outdoor Activities, Fitness And Beauty Are There In Arjan?
Arjan has many outdoor activities, fitness and beauty options that offer recreation and wellness for its community. Some of them are:
- Outdoor activities: Arjan has some of the most popular outdoor attractions in Dubai, such as Dubai Miracle Garden, Dubai Butterfly Garden and Dubai Science Park. These attractions offer a range of experiences, such as viewing millions of flowers, butterflies and plants, learning about science and innovation, and enjoying events and festivals.
- Fitness: Arjan has some fitness facilities that offer various types of workouts and training for its community. Some of them are FitRepublik Fitness Center, Fitness First Arabian Ranches 2, The Warehouse Gym Motor City and The Cycle Hub.
- Beauty: Arjan has some beauty salons and spas that offer various types of treatments and services for its community. Some of them are Tips & Toes Salon, NStyle Beauty Lounge, The Nail Spa Motor City and The Spa at Arabian Ranches Golf Club.
Which Restaurants Are Located In Arjan?
Arjan has a variety of restaurants that offer different cuisines and dishes for its community. Some of them are:
- Shakespeare and Co.: A restaurant and cafe that offers a fusion of classic and modern dishes, such as salads, sandwiches, burgers, pasta, pizza, grills and desserts. It is located in My City Centre Al Barsha.
- Wok Boyz: A restaurant that offers Asian street food, such as noodles, rice, stir-fries, salads and soups. It is located in Geepas Tower.
- Chicking: A restaurant that offers fried chicken, burgers, wraps, sandwiches, salads and desserts. It is located in Lincoln Park.
- Pizza Hut: A restaurant that offers pizza, pasta, wings, sides and desserts. It is located in Vincitore Palacio.
- Subway: A restaurant that offers sandwiches, salads, wraps and cookies. It is located in Siraj Tower.
Which Supermarkets Are Located In Arjan?
Arjan has several supermarkets that provide groceries and essentials for its community. Some of them are:
- Lifco Supermarket: A supermarket that offers a range of products, such as fruits, vegetables, meat, dairy, bakery, frozen food, beverages and more. It is located in Platinum One Tower.
- Carrefour: A supermarket that offers a range of products, such as fruits, vegetables, meat, dairy, bakery, frozen food, beverages and more. It is located in My City Centre Al Barsha.
- Blue Mart Supermarket: A supermarket that offers a range of products, such as fruits, vegetables, meat, dairy, bakery, frozen food, beverages and more. It is located in Lincoln Park.
- Loyal Minimart: A minimart that offers a range of products, such as snacks, drinks, toiletries and more. It is located in Lincoln Park.
- JMA Supermarket: A supermarket that offers a range of products, such as fruits, vegetables, meat, dairy, bakery, frozen food, beverages and more. It is located in Lincoln Park.
Which Malls Are Located Near Arjan?
Arjan is close to some of the major malls in Dubai that offer shopping, dining and entertainment options for its community. Some of them are:
- Mall of the Emirates: A mall that features over 600 stores, including fashion, electronics, home decor and more. It also has a cinema, a ski park, an indoor theme park and a hotel. It is located about 10 km from Arjan.
- Dubai Mall: A mall that features over 1200 stores, including fashion, electronic stores.
Which Churches, Temples And Mosques Are Located Near Arjan?
Arjan is a multicultural and tolerant community that respects the religious beliefs and practices of its residents and visitors. There are several churches, temples and mosques located near Arjan, such as:
- Churches: There are a few churches near Arjan that cater to the Christian community. Some of them are United Christian Church of Dubai, St. Francis of Assisi Catholic Church, Emirates Baptist Church International and Fellowship of the Emirates.
- Temples: There are a few temples near Arjan that cater to the Hindu and Sikh community. Some of them are Shiva Temple, Shree Krishna Haveli, Gurunanak Darbar Sikh Gurudwara and BAPS Hindu Mandir.
- Mosques: There are several mosques near Arjan that cater to the Muslim community. Some of them are Masjid Al Jumuah, Masjid Al Barsha South, Masjid Al Khail and Masjid Al Quoz.
How Is The Rental Market In Arjan?
The rental market in Arjan is one of the most affordable and attractive markets in Dubai. According to the latest data from Bayut, the average rental price per square foot for apartments in Arjan was AED 47 in November 2021, which was 4.1% lower than the previous year.
Rental Trends Of Arjan
The average annual rent for studios was AED 25,000, for one-bedroom apartments was AED 40,000 and for two-bedroom apartments was AED 60,000. The table below shows the rental trends of Arjan for different types of apartments:
Type | Average Rental Price (AED/year) | Average Rental Price (AED/sqft) |
---|---|---|
Studio | 25,000 | 51 |
1-Bedroom | 40,000 | 46 |
2-Bedroom | 60,000 | 44 |
How Is The House Sale Market In Arjan?
The house sale market in Arjan is one of the most dynamic and affordable markets in Dubai. According to the latest data from Bayut, the average price per square foot for apartments in Arjan was AED 691 in November 2021, which was 7.8% lower than the previous year.
House Sale Trends Of Arjan
The average price for studios was AED 375,000, for one-bedroom apartments was AED 550,000 and for two-bedroom apartments was AED 850,000. The table below shows the house sale trends of Arjan for different types of apartments:
Type | Average Price (AED) | Average Price (AED/sqft) |
---|---|---|
Studio | 375,000 | 762 |
1-Bedroom | 550,000 | 693 |
2-Bedroom | 850,000 | 660 |
What Are Other Area’s Or Communities That Are Comparable To Arjan?
If you are looking for other area’s or communites or want to research different options for investing in real estate, we have plenty more guides to read through. Other interesting area’s that are you can compare against Arjan
- Invest In Property In Jumeirah Golf Estates
- Invest In Property In Dubai Springs
- Invest In Property In Dubai South
Frequently Asked Questions About Arjan
Below are answers to some of the most frequently asked questions about offplan investments in Arjan:
How Popular Is Real Estate Investing In Arjan?
Real estate investing in Arjan is very popular among local and foreign investors who are looking for affordable and quality properties in Dubai.
Arjan offers a range of benefits for investors, such as lower prices, flexible payment plans, higher returns, customization options and newer facilities. Arjan also has a high demand for housing from various segments of the population who are attracted by its location, amenities and landmarks.
How Expensive Is Real Estate Investing In Arjan ?
Real estate investing in Arjan is not very expensive compared to other areas in Dubai. The average price per square foot for apartments in Arjan was AED 691 in November 2021, which was lower than the Dubai average of AED 874.
The average price for studios was AED 375,000, for one-bedroom apartments was AED 550,000 and for two-bedroom apartments was AED 850,000. However, the prices may vary depending on the size, design, location and features of the property.
What Are The Latest Off-Plan Property Launches In Arjan ?
Some of the latest off-plan property launches in Arjan are:
1. Kyoto Apartments: A 12-storey residential tower that offers studios, one-bedroom and two-bedroom apartments with Japanese-inspired designs and amenities. It is located near Miracle Garden and is expected to be completed by Q3 2026.
2. Arbor View Apartments: A 10-storey residential tower that offers one-bedroom and two-bedroom apartments with panoramic views of the city and the park. It is located near Dubai Science Park and is expected to be completed by Q1 2026.
3. Vincitore Dolce Vita Apartments: A 10-storey residential tower that offers studios, one-bedroom and two-bedroom apartments with Italian-inspired designs and amenities. It is located near Umm Suqeim Road and is expected to be completed by Q2 2026.
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