The Dubai property market continues to provide fantastic investment options for those looking to diversify their property portfolio. With exciting new projects being frequently launched into the market, it might be challenging to decide which ones would give you the best value for your money. To help you narrow down your options, we have rounded up the hottest new properties launched in Dubai for May 2022.
HOTTEST NEW PROJECTS IN DUBAI
According to Bayut & Dubizzle’s Q1 2022 Dubai sales market report, property prices have witnessed a general uptrend in the emirate. At the same time, data shows a thriving demand for top new developments in Dubai. With market confidence in mind, let’s look at the new investment opportunities that lie ahead.
Emaar’s Lotus-Creek Beach will boast modern community living. Situated in the middle of Dubai Creek Harbor, the community will feature pristine white sand beaches and gorgeous views of the sunset.
Located close to prominent business hubs and entertainment and shopping destinations, Lotus will offer residents unbeatable convenience. The project’s in-house amenities will include a a community pool, fully equipped gym, outdoor play area, multi-purpose room and barbecue facilities.
Those looking to buy an apartment in Lotus at Creek Beach can choose from 1 to 3-bedroom apartments. As per the current listings on Bayut, the starting price of a 1-bed unit is AED 1.1M while a 2-bed unit costs anywhere between AED 1.6M and AED 1.77M. For the 3-bed apartments, you will have to spend around AED 2.5M.
Safa One – Safa Park has quickly become one of the most popular properties launched in Dubai for May 2022. Inspired by nature, its luxury apartments are deemed to be a class apart. Comprising two stunning towers with breath-taking views, Safa One will be designed to make you come home to emerald elegance.
The project offers a host of amenities including a rooftop tropical island and private pools. Safa One by de GRISOGONO is situated near the well-known Safa Park on main Sheikh Zayed Road. Surrounded by iconic landmarks, it is just a few minutes away from Boxpark Dubai, Jumeirah Beach and City Walk.
Buyers interested in long-term investment can get an apartment for sale in Safa One. A 1-bedroom flat will set you back by AED 1.6M, whereas a 2-bedroom flat costs AED 2.7M. You can also buy a 3-bed flat or a 4-bed flat in Safa One.
Elysian Mansions – Tilal Al Ghaf had to be included in our list of upcoming property launches in Dubai. Overlooking Lagoon Al Ghaf, each property in Elysian Mansions offers direct beach and lagoon access. Residents can enjoy a secluded environment at the Central Park, a lush landscape that will feature airy promenades and eclectic art installations.
The mansions promise expert craftsmanship that will use natural materials to deliver exceptional quality. The design will include seamlessly interwoven indoor and outdoor spaces to provide a space that calms the senses. With unprecedented gardens and abundant natural light, you can connect with the natural world while living in the community.
The off-plan properties in this project include villas for sale in Elysian Mansions. For a 5-bedroom villa, you need to spend at least AED 17.2M. On the other hand, a 6-bedroom villa costs anywhere between AED 18M to AED 39.5M as per the current listings on Bayut.
SIX SENSES RESIDENCES
Select Group is the mastermind behind Six Senses Residences – Palm Jumeirah. The ultra-luxury residences are being built using sustainable practices to provide a spectacular hideaway from the hustle and bustle of city life. The project will feature a wide array of amenities including meeting rooms, shared working space, a spa, a wellness circuit, a squash court and a massage circuit pool.
If you want to buy an apartment for sale in Six Senses Residences, the development offers plenty of options. For a 2-bed unit, you need to pay AED 9.8M while a 3-bed and 4-bed unit costs AED 16M and AED 24.6M, respectively. On the other hand, a 5-bedroom apartment can be acquired for AED 83.2M.
Prefer living in a villa? You can buy a luxury villa for sale in Six Senses Residences. A 3-bedroom villa costs AED 21.7M, whereas a 4-bedroom villa is available for around AED 36.5M. For a 5-bed villa, you need a minimum of AED 79M. You also have the option to buy a townhouse for sale in Six Senses Residences. Investors can either get a 2-bed townhouse for AED 10.3M or a 4-bed townhouse for AED 22.9M.
Moreover, there are penthouses for sale in Six Senses Residences. Here are the sales trends:
- The starting price of a 2-bedroom penthouse is AED 9.2M.
- A 3-bedroom penthouse costs AED 16M.
- For a 2-bedroom penthouse, you need AED 22M.
When we consider the properties launched in Dubai, Cavalli Estates has to be part of the list. Nestled in the master community of DAMAC Hills, the off-plan luxury mansion project offers exclusivity unlike any other. Exuding opulence and bold expression, the properties showcase the classic Cavalli design, a legacy of style and splendour.
The project will offer a world-class residential community with access to the beach, a private infinity pool, a built-in elevator and the great outdoors. With up to 12 parking spaces, you get to experience sheer luxury. The golf community provides access to a wide range of amenities including a golf course, a wave pool, stables, a petting farm, a fishing lake, a skate park and much more.
Investors can choose from a number of villas for sale in Cavalli Estates. For a 6-bedroom villa, you will need AED 19.5M, while the starting price of a 7-bedroom villa is around AED 19.9M.
HOW MUCH DOES IT COST TO BUY A PROPERTY IN DUBAI?
The sales price of a property in Dubai depends on various factors such as the type of property and its location. You can view the properties for sale in Dubai on our portal to learn more about the prevailing prices of apartments, villas and townhouses.
CAN YOU GET A VISA IF YOU PURCHASE PROPERTY IN DUBAI?
One of the main reasons why Dubai attracts high-net-worth individuals from beyond the region is because it allows real estate investors to apply for Golden Visas – long-term residency on the basis of real estate investment, where applicable.
That brings an end to our guide to the newest properties launched in Dubai for May 2022. We hope you find a profitable investment or your next home.
Are you new in the city and want to rent a property? Check out our first-time guide for renting in Dubai.
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*Featured Image courtesy of Six Senses Residences’ Official Website