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what you should be doing with 1M AED

There are infinite possibilities of things you can do if you have a million dirhams. You could take the sensible road and save it all, or live-it-up by splurging on endless shopping trips, buying the largest home possible or going on a seriously long and extravagant vacation. But we have something better in mind that will allow you to live your life in style. We’re suggesting you invest in any of the spectacular off-plan villas in Dubai. The best thing about them is that they are all under AED 1M. Let’s take a closer look at what awaits if you spend one million to buy a villa in these off-plan projects in Dubai.

MOST POPULAR AREAS IN DUBAI WITH OFF-PLAN VILLAS UNDER AED 1M

  • Dubailand
  • Akoya Oxygen
  • Dubai South
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  •  
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  • 0
  • 20%
  • 40%
  • 60%
  • 80%100%

Based on searches conducted by users on Bayut.com over the past 12 months

DUBAILAND

 

Dubailand takes first place when it comes to buying a villa under AED 1M in Dubai. It is one of the best districts to invest in an off-plan villa in Dubai. This prodigious off-plan development in Dubai features apartments, villas and townhouses, as well as a vast number of leisure and entertainment facilities over a massive area of 3 billion sq. ft. You will find several off-plan standing houses in Dubailand ready for purchase.

According to Bayut’s annual sales market report for 2020, Dubailand ranks top, indicating that the district firmly holds the interest of investors and buyers looking for affordable villas for sale in Dubailand.

It is also home to a number of other residential and commercial projects that include Al Habtoor Polo Resort & Club, Layan, Majan, Falcon City of Wonders, Living Legends, Skycourts Towers, Winsdor Residence, Villanova, Dubailand Oasis, Rukan, Tiger Woods Dubai and Al Waha Community.

This prodigious project is aimed at creating innovative themed districts that surround the Mall of Arabia and IMG Worlds of Adventure, among others. So if you are a fan of theme parks then you should definitely consider buying one of the off-plan houses under AED 1M in any of the residential communities here.

Some of the areas where you can find villas for sale in Dubailand under AED 1M include Rukan, Fiora at Golf Verde and Al Waha. Living legends is another popular district for investing in an affordable villa in Dubailand.

Dubailand comes with a collection of amenities including gyms, swimming pools, tennis courts and community parks. The Falcon City of Wonders also comes with all the amenities and facilities that will potentially guarantee a high return on investment.

AKOYA OXYGEN

 

Another area where you can buy off-plan villas in Dubai under AED 1M is Akoya Oxygen. It’s a project of master developer DAMAC, who have showcase a portfolio of luxury properties that feature spacious rooms, elegant interiors and attractive exteriors. Other DAMAC properties in Dubai are located in Dubai Marina, JVC and other parts of the city.

The off-plan villas for sale in AKOYA Oxygen offer a tranquil setting that is a peaceful world away from the busy urban streets of the main city.

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With a million dirhams you will be able to find luxury 3 and 4-bedroom off-plan villas for sale that are built with energy-efficient materials, controls and systems.

This master plan features dedicated spaces for bicycles, fine dining restaurants, luxury retail and entertainment. As per Bayut’s listings, villas for sale at AKOYA Oxygen start at AED 700k on average.

DUBAI SOUTH

 

Developed by Emaar, Dubai South is a mix-use off-plan development in Dubai, that will eventually become an economic hub in the city, supporting commercial and residential activities. Near to Al Maktoum International Airport, it’s anticipated the area will be home to over 900k people in the years to come. Previously known as Dubai World Central, the residential community within Dubai South features some of the more spectacular off-plan villas in Dubai.

These luxury villas come equipped with all the luxuries and amenities such as fitness areas, swimming pools, parks with children’s play areas and BBQ areas, and the safety of having round the clock security. The houses for sale in Dubai South are available under AED 1M for those looking to invest in off-plan villas in Dubai.

FREQUENTLY ASKED QUESTIONS

WHAT IS AN OFF-PLAN PROPERTY?

Off-plan properties are unfinished projects that a customer can purchase initially from the developer or the first-owner. If the buyer purchases the property from the developer, a downpayment of 10% to 20% has to be paid when signing the Sales Purchase Agreement.

WHAT ARE SOME OTHER OFF-PLAN AREAS IN DUBAI?

Some of the other off-plan areas in Dubai include Golf Suites by Emaar in Dubai Hills Estate, Liv Residences in Dubai Marina, Seven Palm at Palm Jumeirah, The Grand, Dubai Creek Harbour, Beach Vista and more.

While there are plenty of off-plan projects in Dubai, the ones we have mentioned here have some spectacular off-plan villas under AED 1M that come with state-of-the-art facilities and access to premium amenities. But there are slight risks that you should be aware of before investing in the property. Here’s a guide to the various risks of buying off-plan properties in Dubai.

Not only that, you get the luxury of living in some of the most anticipated residential communities in the city. Even if you don’t want to live in them, you can later lease the property and get a good return on investment (ROI), thus making a perfect way to use your AED 1M. Make sure to check out the various off-plan projects near the Expo 2020 site

With all these amazing facilities and amenities and the prospect of getting a good ROI in the future, who wouldn’t want to invest in these off-plan houses in Dubai? If this article has sparked your interest in investing in off-plan, make sure to read out our guide to buying the latest off-plan properties in Dubai.