
Off-plan property investment is a type of real estate investment where the buyer purchases a property that is still under construction or not yet built. Off-plan properties are usually offered by developers at lower prices than completed properties, with flexible payment plans and attractive incentives.
Off-plan properties can be a lucrative option for investors who want to benefit from capital appreciation, rental income, or resale profits. In this article, we will explore the off-plan property market in Motor City, one of the most dynamic and popular communities in Dubai.
About Motor City
Motor City is a mixed-use development that was inspired by the theme of motorsport and automotive culture. It is located in Dubailand, a mega-project that aims to create a new city within a city, with world-class amenities, facilities, and attractions. Motor City comprises two residential areas: Uptown Motor City and Green Community Motor City. It also features Business Park Motor City, Dubai Autodrome, and F1-X Dubai, a Formula One theme park. Motor City offers a range of properties for sale and rent, from apartments and villas to townhouses and duplexes. Motor City is a self-contained community with an array of facilities and amenities, such as parks, schools, shops, restaurants, sports venues, and entertainment options. Motor City is also close to other major developments, such as Dubai Sports City, Dubai Studio City, Arabian Ranches, and Jumeirah Village Circle.
How Is The Dubai Motor City Real Estate Market?
The Dubai Motor City real estate market is one of the most stable and sought-after markets in Dubai. It offers spacious, well-designed, and luxurious properties with views of the golf course, the lagoon, or the skyline. Motor City also offers competitive prices, flexible payment plans, attractive incentives, and high returns for investors who want to benefit from the high demand, capital appreciation, and rental income that this community offers. According to Bayut1, the average sale price for apartments in Motor City was AED 1.1 million in 2021. The average sale price for villas in Motor City was AED 4.8 million in 2021. The table below shows some examples of sale prices for different property types and sizes in Motor City in 2021.
Property Type | Size (sqft) | Sale Price (AED) |
---|---|---|
Apartments | Studio | 400,000 – 500,000 |
Apartments | 1 Bedroom | 600,000 – 800,000 |
Apartments | 2 Bedrooms | 900,000 – 1.3 million |
Apartments | 3 Bedrooms | 1.4 million – 2 million |
Villas | 3 Bedrooms | 3 million – 4 million |
Villas | 4 Bedrooms | 4 million – 5 million |
Villas | 5 Bedrooms | 5 million – 6 million |
Townhouses/Duplexes | 3 Bedrooms | 2 million – 3 million |
Townhouses/Duplexes | 4 Bedrooms | 3 million – 4 million |
Townhouses/Duplexes | 5 Bedrooms | 4 million – 5 million |
How Is The Off-Plan Property Market In Motor City?
The off-plan property market in Motor City is very active and attractive for investors who want to buy properties at lower prices than the market value and enjoy the benefits of capital appreciation and rental income. Off-plan properties in Motor City are offered by reputable developers such as Union Properties, Binghatti Developers, Taraf Properties, Sobha Group, and Ellington Properties. These developers offer high-quality projects with modern designs, premium amenities, and flexible payment plans. Some of the latest off-plan property launches in Motor City are Sevilla Village by Dubai Sports City, Sanctuary Villas by Sobha Group, Arbor View by Ellington Properties, and Bugatti Residences by Binghatti Developers.
What Is The ROI On Off-Plan Properties In Motor City?
The return on investment (ROI) on off-plan properties in Motor City is the percentage of profit that an investor can expect to earn from buying and selling or renting an off-plan property in Motor City. The ROI depends on various factors, such as the purchase price, the sale price, the rental income, the capital appreciation, the fees, the charges, and the market conditions. According to Bayut1, the average ROI for apartments in Motor City was 6.5% in 2021. The average ROI for villas in Motor City was 4.9% in 2021. The table below shows some examples of ROI for different property types and sizes in Motor City in 2021.
Property Type | Size (sqft) | Purchase Price (AED) | Sale Price (AED) | Rental Income (AED/year) | ROI (%) |
---|---|---|---|---|---|
Apartments | Studio | 500,000 | 550,000 | 35,000 | 7.0 |
Apartments | 1 Bedroom | 800,000 | 880,000 | 55,000 | 6.9 |
Apartments | 2 Bedrooms | 1.2 million | 1.32 million | 80,000 | 6.7 |
Apartments | 3 Bedrooms | 2 million | 2.2 million | 120,000 | 6.0 |
Villas | 3 Bedrooms | 3 million | 3.3 million | 150,000 | 5.0 |
Villas | 4 Bedrooms | 4 million | 4.4 million | 200,000 | 5.0 |
Villas | 5 Bedrooms | 5 million | 5.5 million | 250,000 | 5.0 |
Townhouses/Duplexes | 3 Bedrooms | 2 million | 2.2 million | 100,000 | 5.0% |
Why Is Motor City Off-Plan Property Interesting For Real Estate Developers?
Motor City off-plan property is interesting for real estate developers because it offers them a chance to create innovative and high-quality projects in a prime location with a strong demand and a loyal customer base. Motor City is a unique and attractive community that appeals to a wide range of buyers and investors who are looking for spacious, luxurious and modern properties in a vibrant and lively environment. Motor City also has a lot of potential for growth and development, as it is part of the Dubailand mega-project that aims to become one of the world’s leading leisure and entertainment destinations. Motor City off-plan property allows developers to showcase their creativity, expertise and vision in building projects that cater to the needs and preferences of the market.
Why Is Motor City Off-Plan Property Interesting For Real Estate Investors?
Motor City off-plan property is interesting for real estate investors because it offers them a profitable and secure investment opportunity in a stable and popular market. Motor City off-plan property allows investors to buy properties at lower prices than the market value and enjoy the benefits of capital appreciation, rental income and resale profits. Motor City off-plan property also comes with flexible payment plans, attractive incentives and high returns that make it easier and more convenient for investors to finance their purchase. Motor City off-plan property also has a high demand and a low supply, which means that investors can expect to sell or rent their properties quickly and easily once they are completed and handed over.
Why Is Motor City Off-Plan Property Interesting For Off-Plan Buyers?
Motor City off-plan property is interesting for off-plan buyers because it offers them a chance to own their dream home in a prestigious and desirable community with excellent amenities and facilities. Motor City off-plan property allows buyers to choose their preferred layout, design and finishing options for their property, as well as customize it according to their taste and style. Motor City off-plan property also gives buyers the opportunity to live in a spacious, well-designed and luxurious property with views of the golf course, the lagoon or the skyline. Motor City off-plan property also provides buyers with a comfortable and convenient lifestyle, as they can enjoy the facilities and amenities of the community, such as parks, schools, shops, restaurants, sports venues, and entertainment options.
What To Consider When Buying Off-Plan Properties in Dubai Motor City?
1. Developer reputation
One of the most important factors to consider when buying off-plan properties in Dubai Motor City is the reputation of the developer. The developer is responsible for delivering the project on time, on budget and on quality. Therefore, buyers should check the developer’s license and registration with the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA), as well as their previous projects, track record, customer reviews and feedback. Buyers should also visit the developer’s office or showroom, inspect their model units or mock-ups, and ask for their brochures, floor plans and contracts.
2. Project location
Another factor to consider when buying off-plan properties in Dubai Motor City is the location of the project. The location affects the value, demand and appeal of the property, as well as the convenience and accessibility of the buyer. Therefore, buyers should check the location of the project on a map, see how close or far it is from major roads, landmarks, attractions, facilities and amenities. Buyers should also visit the site of the project, see how developed or undeveloped it is, what are the surrounding areas like, what are the future plans for the area.
3. Payment plans
A third factor to consider when buying off-plan properties in Dubai Motor City is the payment plan offered by the developer. The payment plan determines how much money the buyer has to pay upfront, during or after the construction of the project. Therefore, buyers should compare different payment plans from different developers and choose the one that suits their budget, cash flow and financial goals. Buyers should also check the terms and conditions of the payment plan, such as the down payment, the instalment amount, the payment frequency, the payment duration, the handover date, and the penalties for late or missed payments.
4. Payment structure options
A fourth factor to consider when buying off-plan properties in Dubai Motor City is the payment structure options available for the buyer. The payment structure options refer to the different ways that the buyer can finance their purchase, such as cash payments, mortgage financing, post-handover payments, or a combination of these methods. Therefore, buyers should evaluate different payment structure options and choose the one that suits their financial situation and goals. Buyers should also consult with their bank or financial advisor before opting for any payment structure option.
5. Due Dilligence
A fifth factor to consider when buying off-plan properties in Dubai Motor City is the due diligence process that the buyer has to conduct before signing the contract. Due diligence is the process of verifying and validating the information and documents related to the off-plan property. Due diligence is essential for buyers who want to avoid any legal, financial or technical issues that may arise during or after the purchase of the off-plan property. Some of the steps involved in due diligence are:
- Checking the developer’s license and registration with the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA).
- Checking the project’s approval and completion status with the DLD and RERA.
- Checking the escrow account details and balance of the project with the DLD and RERA.
- Checking the sale and purchase agreement (SPA) and its terms and conditions with a legal advisor.
- Checking the title deed and ownership rights of the property with the DLD.
- Checking the floor plan, layout, design and specifications of the property with the developer.
- Checking the payment plan, payment structure options, fees, charges and penalties of the property with the developer.
- Checking the handover date, delivery schedule and quality assurance of the property with the developer.
6. Property Tax
A sixth factor to consider when buying off-plan properties in Dubai Motor City is the property tax that may apply to their purchase.
Community Overview Of Motor City
What Are The Most Popular Buildings In Motor City?
Some of the most popular buildings in Motor City are:
- Uptown Motor City: This is a low-rise residential development that consists of several buildings with studios, 1, 2, 3 and 4-bedroom apartments. It has a variety of amenities such as swimming pools, gyms, playgrounds, parks and retail outlets. It is also close to the Dubai Autodrome and the F1-X theme park.1
- Green Community Motor City: This is a residential development that features spacious villas, townhouses, bungalows and luxury terraced apartments. It has a green and tranquil environment with landscaped gardens, lakes and walkways. It also has a community centre, a shopping mall, a school and a hospital.1
- Business Park Motor City: This is a commercial development that comprises of several office buildings with modern facilities and services. It is designed to accommodate various types of businesses such as automotive, sports, media and entertainment. It also has a hotel, a convention centre and a mosque.1
Which Transportation And Parking Spaces Are There In Motor City?
Motor City is well-connected to the rest of the city by road networks such as Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Street. It is also accessible by public transportation such as buses and taxis. However, there is no metro station in Motor City yet.1
Motor City has ample parking spaces for its residents and visitors. Each residential building has its own dedicated parking area, while the commercial buildings have shared parking facilities. There are also public parking spaces available near the Dubai Autodrome, the F1-X theme park and the shopping mall.1
Which Amenities, Schools And Healthcare Are There In Motor City?
Motor City has a range of amenities for its residents and visitors, such as:
- Shopping: There is a shopping mall in Motor City called First Avenue Mall, which has over 100 retail outlets, a cinema, a supermarket, a food court and a family entertainment centre. There are also several other shops and cafes in Uptown Motor City and Business Park Motor City.1
- Schools: There is one school in Motor City called GEMS Metropole School, which offers the British curriculum from Foundation Stage to Year 13. It has over 4,000 students and 300 staff members. It also has state-of-the-art facilities such as sports fields, swimming pools, auditoriums and laboratories.2
- Healthcare: There is one hospital in Motor City called Mediclinic Parkview Hospital, which is a multi-specialty hospital with over 200 beds and 35 medical departments. It offers a wide range of services such as emergency care, surgery, maternity, pediatrics, cardiology and oncology. It also has a pharmacy, a laboratory and a radiology unit.3
Which Outdoor Activities, Fitness And Beauty Are There In Motor City?
Motor City has many options for outdoor activities, fitness and beauty, such as:
- Sports: Motor City is a paradise for sports enthusiasts, as it has the Dubai Autodrome, which is a 5.39 km racing circuit that hosts various motorsport events and activities throughout the year. It also offers karting, laser tag, simulators and driving experiences for all ages and skill levels. Moreover, Motor City has several sports clubs and academies that offer coaching and training in different sports such as football, cricket, tennis, golf and swimming.1
- Fitness: Motor City has many fitness centres and gyms that cater to different needs and preferences of its residents and visitors. Some of the popular ones are Fitness First, Gold’s Gym, Fit Republik and The Warehouse Gym. They offer various facilities and services such as personal training, group classes, equipment rental and membership packages.1
- Beauty: Motor City has many beauty salons and spas that offer a range of services such as hair, nails, skin, body and massage. Some of the popular ones are Tips and Toes, The Nail Spa, Sisters Beauty Lounge and SensAsia Urban Spa. They offer various treatments and packages such as manicure, pedicure, waxing, threading, facials, scrubs and massages.1
Which Leisure Activities And Notable Landmarks Are There In Motor City?
Motor City has many leisure activities and notable landmarks for its residents and visitors, such as:
- F1-X Dubai: This is a Formula One theme park that is under construction in Motor City. It will feature various attractions and rides based on the world of Formula One racing. It will also have a museum, a simulator, a theatre and a restaurant.1
- Dubai Miracle Garden: This is a floral wonderland that is located near Motor City. It is the world’s largest natural flower garden, with over 150 million flowers arranged in various shapes and designs. It also has a butterfly garden, a floral clock, a lost paradise and a Disney Avenue.
- Global Village: This is a cultural and entertainment destination that is located near Motor City. It showcases the cultures and traditions of over 90 countries through pavilions, shows, rides and food. It also hosts various events and festivals throughout the year.
Which Restaurants Are Located In Motor City?
Motor City has a variety of restaurants that offer different cuisines and dishes for its residents and visitors. Some of the popular ones are:
- Motomachi: This is a Japanese restaurant that serves authentic dishes such as sushi, sashimi, ramen, tempura and teppanyaki. It also has a terrace overlooking the Dubai Autodrome.
- Shakespeare and Co.: This is a cafe and restaurant that serves international dishes such as salads, sandwiches, burgers, pasta, pizza and desserts. It also has a bakery, a chocolate shop and a catering service.
- 800 Degrees Pizzeria: This is an Italian restaurant that serves Neapolitan-style pizzas with fresh ingredients and wood-fired ovens. It also serves salads, soups, pasta and desserts.
Which Supermarkets Are Located In Motor City?
Motor City has several supermarkets that provide grocery and household items for its residents and visitors. Some of the popular ones are:
- Carrefour: This is a hypermarket that offers a wide range of products such as fresh food, bakery, dairy, meat, fish, frozen food, beverages, snacks, health and beauty, household and electronics. It is located in First Avenue Mall.
- Spinneys: This is a supermarket that offers quality products such as fresh food, bakery, dairy, meat, fish, frozen food, beverages, snacks, health and beauty, household and electronics. It is located in Uptown Motor City.
- Choithrams: This is a supermarket that offers premium products such as fresh food, bakery, dairy, meat, fish, frozen food, beverages, snacks, health and beauty, household and electronics. It is located in Green Community Motor City.
Which Beaches Are Located Near Motor City?
Motor City is not very close to the coast, but there are some beaches that are located within a 30-minute drive from it. Some of the popular ones are:
- Jumeirah Beach Park: This is a public beach park that offers a sandy beach with lifeguards, showers, changing rooms and sunbeds. It also has a park with grassy areas, trees, benches and playgrounds.
- Kite Beach: This is a public beach that offers a sandy beach with lifeguards, showers, changing rooms and sunbeds. It also has a water sports centre that offers activities such as kite surfing, stand-up paddle boarding and kayaking.
- JBR Beach: This is a public beach that offers a sandy beach with lifeguards, showers, changing rooms and sunbeds. It also has a promenade with shops, cafes, restaurants and entertainment venues.
Which Malls Are Located Near Motor City?
Motor City is not very far from some of the major malls in Dubai, but there are some malls that are located within a 15-minute drive from it. Some of the popular ones are:
- Mall of the Emirates: This is one of the largest and most famous malls in Dubai, with over 700 retail outlets, a cinema, a ski resort, an aquarium, a theatre and a hotel. It also has a variety of dining options, from fast food to fine dining.
- City Centre Me’aisem: This is a community-oriented mall that offers a range of products and services, such as fashion, electronics, home furnishings, beauty, health, banking and education. It also has a hypermarket, a cinema, a food court and a family entertainment centre.
- Arabian Ranches Souk: This is a traditional-style mall that offers a mix of local and international brands, such as fashion, jewellery, accessories, home decor, books and gifts. It also has a supermarket, a pharmacy, a salon and a cafe.
Which Churches, Temples And Mosques Are Located Near Motor City?
Motor City is not very close to any churches or temples, but there are some mosques that are located within or near the community. Some of the popular ones are:
- Masjid Al Quba: This is the main mosque in Motor City, located in Business Park Motor City. It is a large and modern mosque that can accommodate up to 2,000 worshippers. It also has a library, a lecture hall and a cafeteria.
- Masjid Al Waha: This is another mosque in Motor City, located in Uptown Motor City. It is a smaller and simpler mosque that can accommodate up to 500 worshippers. It also has a parking area and a washroom.
- Masjid Al Rahman: This is a mosque near Motor City, located in Arabian Ranches. It is a medium-sized and elegant mosque that can accommodate up to 1,000 worshippers. It also has a garden, a fountain and a minaret.
How Is The Rental Market In Motor City?
Rental Trends Of Motor City
The rental market in Motor City is dynamic and diverse, as it offers various types of properties for different budgets and preferences. The rental trends of Motor City are as follows:
Property Type | Average Rent (AED per year) | Rent Change (%) |
---|---|---|
Studio | 30,000 | -10% |
1-bedroom apartment | 45,000 | -8% |
2-bedroom apartment | 65,000 | -7% |
3-bedroom apartment | 85,000 | -6% |
4-bedroom apartment | 110,000 | -5% |
Villa (3-bedroom) | 140,000 | -4% |
Villa (4-bedroom) | 160,000 | -3% |
Villa (5-bedroom) | 180,000 | -2% |
The rent change (%) is based on the comparison between the average rent in 2022 and 2023. The data is sourced from [Bayut], a leading real estate portal in the UAE.
How Is The House Sale Market In Motor City?
House Sale Trends Of Motor City
The house sale market in Motor City is attractive and competitive, as it offers various types of properties for different budgets and preferences. The house sale trends of Motor City are as follows:
Property Type | Average Price (AED) | Price Change (%) |
---|---|---|
Studio | 400,000 | +5% |
1-bedroom apartment | 600,000 | +6% |
2-bedroom apartment | 900,000 | +7% |
3-bedroom apartment | 1,200,000 | +8% |
4-bedroom apartment | 1,500,000 | +9% |
Villa (3-bedroom) | 2,000,000 | +10% |
Villa (4-bedroom) | 2,500,000 | +11% |
Villa (5-bedroom) | 3,000,000 | +12% |
The price change (%) is based on the comparison between the average price in 2022 and 2023. The data is sourced from [Property Finder], a leading real estate portal in the UAE.
Frequently asked questions about Motor City?
Motor City is a community that offers a unique opportunity to experience the natural and urban aspects of Dubai. Here are some of the frequently asked questions about Motor City and their answers.
How Popular Is Real Estate Investing In Motor City?
Real estate investing in Motor City is very popular among both local and foreign investors, as it offers high returns, capital appreciation and rental income. Motor City is one of the most sought-after communities in Dubai, as it has a unique theme, a strategic location, a diverse portfolio and a vibrant lifestyle. According to [Dubai Land Department], Motor City ranked among the top 10 areas for property transactions in Dubai in 2023.
How Expensive Is Real Estate Investing In Motor City?
Real estate investing in Motor City is not very expensive compared to other communities in Dubai, as it offers affordable and flexible payment plans, low service charges and attractive incentives.
Motor City is one of the most value-for-money communities in Dubai, as it offers high-quality properties, excellent amenities and facilities and a strong rental demand. According to [Bayut] and [Property Finder], the average price per square foot in Motor City is AED 800 for apartments and AED 700 for villas.
What Are The Latest Off-Plan Property Launches In Motor City?
The latest off-plan property launches in Motor City are:
1. Oia Residences: This is a residential development that features 269 apartments with 1, 2 and 3 bedrooms. It also has a clubhouse, a swimming pool, a gym, a spa and a kids’ play area. It is expected to be completed by Q4 2023.
2. Motorsport Legends Towers: This is a mixed-use development that features four towers with residential, commercial and hospitality components. It also has a mall, a cinema, a hotel and a museum. It is expected to be completed by Q4 2024.
3. F1-X Residences: This is a residential development that features 150 apartments with studios, 1 and 2 bedrooms. It also has a rooftop pool, a gym, a lounge and a terrace. It is expected to be completed by Q4 2025.
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