Is Port de La Mer in Dubai attractive enough for investment?

Port De La Mer is one of the hottest off-plan locations in Dubai for 2023. Undergoing rigorous conversion into a modern city, many old structures and empty land are now being converted into seven sub-communities of real estate containing beautiful structures set up for local and international target markets. One of the good news is that properties in Port de La Mer for investment are offered under off-plan agreements, which come with manifold benefits. Read more to learn about real estate opportunities in Port De La Mer and the offers available.

Where is La Mer?

Port de la Mer is located in Jumeirah 1, Dubai. It is about a fifteen-minute drive from Downtown Dubai; if you are coming through the metro, the closest station is Century Plaza 1 & 2 and the Beach center, which are only about a six-minute walk away.

Off-plan vs. already-made apartments; pros and cons

Buying Property Off-Plan is where you invest in a property when it is still under construction and fund it through the various stages until it is complete. Off-plan packages allow investors to take an interest in the preliminary stages of development while also providing funds for the projects.

Already-made apartments are completed projects pitched in the market to investors who can buy, lease, or rent them. This is the world’s most common class of properties as people always prefer projects they can see and inspect; more so, they get to pay and can move in immediately. This type of arrangement is fast and instantaneous, with lesser complications or complexities. Whereas in Off-Plans, the buyer trusts the developer to complete the project and deliver based on the terms. Following this, Off-Plan packages are riskier and more complicated than already-made apartments.

Pros	Cons
Off-plan properties are offered at the construction stage, and as such, they come at a much lower price than already-made properties.	You would have to wait for months and years before the completion of the project; meanwhile, if it is a complete project, you can move in immediately.
The downpayment is also lesser than already-made. You may only have to make a downpayment of 5% – 10%. While already-made properties may require at least a 15% downpayment.	The repayment period in already-made properties is lesser because it is made with a higher deposit.
Off-plan projects tend to appreciate upon completion, so you can even resell and gain reasonable profits.	Off-plan is riskier because there may be breaches in the contract forms and execution, etc.
Off-plan gives you better repayment offers and may even include a post-handover plan allowing you to rent the property before repayments begin.	Already-made properties come with stringent terms, but you can also rent them out immediately.

There are many amazing units for rent and sale in Port De La Mer in 2023. You can get both off-plan and ready-to-move-in apartments from the area easily. Read more on the official website https://www.axcapital.ae/.

The average cost of property in Port De La Mer

You can find apartments and townhouses at the Port De La Mer up for sale and rent. The properties in the area are developed by Meraas Holding and feature various units from one-bedroom up to five-bedroom apartments. Many properties are still under construction, but many have already started operation with a vibrant nightlife by the beach.

The area has all that can be desired or looked forward to, including public pools, beach activities, restaurants, and bars. It is also in close proximity to La Mer, which is largely fully developed.

The average cost of buying property in Port De La Mer:

Property Type	Price
One bedroom apartment	1 700 000 AED (463 000 dollars)
Two Bedroom Apartment	2 900 000 AED (790 000 dollars)
Three Bedroom Apartment	5 000 000 AED (1 400 000 dollars)
Four Bedroom Apartment	10 000 0000 AED (2 750 000 dollars)
Five Bedroom Apartment	20 000 000 AED (5 500 000 dollars)

By these price estimates, Port De La Mer is not only the newest off-plan property option in Dubai for 2023. When completed, it will likewise be one of the most expensive areas to buy property.

Villa properties in Port De La Mer are much more expensive, starting at about five million AED and as high as 17 million AED for a five (5) bedroom. There is sufficient parking space in Port De La Mer, and it promises to have schools and educational centers. One Major perk to living in Port De La Mer is the area’s connectivity to other parts of Dubai and the availability of public transport, which is made easy from the La Mer community.

To sum up

Port de La Mer has amazing locations, pristine white sand beaches, and beautiful restaurants, so whatever you want can be found on the Island. It is suggested that you find time to visit the Island to get insight into its beauty and the many reasons to live there. Don’t forget to come with your towel/mat and reserve some money between 70 AED – 150 AED for renting umbrellas and a spot by the waterside; there are barely any shades there (especially if you are visiting in the afternoon).