Majid Al Futtaim
About Developer
Majid Al Futtaim, a prominent Dubai-based conglomerate, is renowned for its significant buildings and projects, founded by Emirati billionaire Majid Al Futtaim.
The conglomerate holds the exclusive license to operate Carrefour hypermarkets across the Middle East, North Africa, and Central Asia. Additionally, Majid Al Futtaim owns and operates various entertainment venues including VOX Cinemas, Magic Planet family entertainment centers, Orbi Dubai, Ski Dubai, and Ski Egypt.
Recently, Majid Al Futtaim has initiated the construction phase of its latest project, the Elan neighborhood at Tilal Al Ghaf, scheduled for completion by December 2022. To mark this milestone, the company hosted a ceremony showcasing its commitment to customers and the stability of Dubai’s real estate market, reflecting growing confidence among property buyers.
The Elan development will offer a total of 594 units for sale in phases one and two, with an estimated sales value of AED 900 million. This project represents Majid Al Futtaim’s dedication to expanding its real estate portfolio while meeting the evolving demands of Dubai’s dynamic property market.
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How to Buy An Off-Plan Property in Dubai?
Buying off-plan property directly from a developer in Dubai offers numerous advantages, making it highly attractive to both local and foreign buyers and investors over the past decade.
One of the primary benefits is the special offers often provided by developers, such as Dubai Land Department (DLD) fee waivers or free property management services, which can significantly reduce upfront costs for buyers.
Off-plan apartments in Dubai have surged in popularity due to several key reasons. Firstly, they generally come at a lower price compared to ready properties, allowing buyers to enter the market at a more affordable entry point.
Secondly, developers typically offer flexible payment plans for off-plan properties, enabling purchasers to pay in manageable installments over the construction period rather than a lump sum upfront. This financial flexibility appeals to a wide range of investors.
Moreover, Dubai’s real estate market has shown consistent growth, contributing to the perception that buying off-plan property is a sound investment strategy with potential for high returns. As property values appreciate over time, investors often benefit from substantial returns on investment (ROI).
In conclusion, the combination of lower initial costs, flexible payment options, and promising investment potential makes buying off-plan property in Dubai a compelling choice for individuals looking to invest in real estate.
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Freehold Properties
for Foreign Investors
Over the last years Dubai has become an international investment hub, particularly after opening its real estate market to foreign investors. Dubai has set up special areas for non-citizens to invest in property, which are also known as “freehold zones”.
Popular amongst tenants and investors, Downtown Dubai is one of the best freehold zones in Dubai. Besides world-renowned Burj Khalifa, Dubai Fountain and Dubai Opera, Downtown Dubai also offers a large variety of freehold apartments. For example, Burj Crown apartment in Downtown Dubai costs from AED 957,888. However, apartments in Emaar IL Primo prices start at AED 18M.
Another high-demand freehold zone Dubai Marina features luxury beachfront residences, retail outlets, sport facilities, restaurants and more. Investors can choose from a wide range of sea view apartments and villas for sale. The starting price of a studio apartment in Dubai Marina is AED 390,000.
Arabian Ranches has proved itself as one of most exclusive and high-end communities in Dubai. Offering townhouses and villas located in a family-friendly environment. The price for 2BR villa in Arabian Ranches starts from AED 1.2M while 3-bedroom villas start from AED 1.35M.
Off-Plan Projects by Majid Al Futtaim
Over the last years Dubai has become an international investment hub, particularly after opening its real estate market to foreign investors. Dubai has set up special areas for non-citizens to invest in property, which are also known as “freehold zones”.
Popular amongst tenants and investors, Downtown Dubai is one of the best freehold zones in Dubai. Besides world-renowned Burj Khalifa, Dubai Fountain and Dubai Opera, Downtown Dubai also offers a large variety of freehold apartments. For example, Burj Crown apartment in Downtown Dubai costs from AED 957,888. However, apartments in Emaar IL Primo prices start at AED 18M.
Another high-demand freehold zone Dubai Marina features luxury beachfront residences, retail outlets, sport facilities, restaurants and more. Investors can choose from a wide range of sea view apartments and villas for sale. The starting price of a studio apartment in Dubai Marina is AED 390,000.
Arabian Ranches has proved itself as one of most exclusive and high-end communities in Dubai. Offering townhouses and villas located in a family-friendly environment. The price for 2BR villa in Arabian Ranches starts from AED 1.2M while 3-bedroom villas start from AED 1.35M.
Over the last years Dubai has become an international investment hub, particularly after opening its real estate market to foreign investors. Dubai has set up special areas for non-citizens to invest in property, which are also known as “freehold zones”.
Popular amongst tenants and investors, Downtown Dubai is one of the best freehold zones in Dubai. Besides world-renowned Burj Khalifa, Dubai Fountain and Dubai Opera, Downtown Dubai also offers a large variety of freehold apartments. For example, Burj Crown apartment in Downtown Dubai costs from AED 957,888. However, apartments in Emaar IL Primo prices start at AED 18M.
Another high-demand freehold zone Dubai Marina features luxury beachfront residences, retail outlets, sport facilities, restaurants and more. Investors can choose from a wide range of sea view apartments and villas for sale. The starting price of a studio apartment in Dubai Marina is AED 390,000.
Arabian Ranches has proved itself as one of most exclusive and high-end communities in Dubai. Offering townhouses and villas located in a family-friendly environment. The price for 2BR villa in Arabian Ranches starts from AED 1.2M while 3-bedroom villas start from AED 1.35M.
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