Wynn Al Marjan Island is a luxury resort and casino currently under development in Ras Al Khaimah, UAE. Announced by Wynn Resorts, it will be the first integrated resort in the region to feature gaming facilities. Set on a man-made island with stunning sea views, the project will include a world-class hotel, entertainment venues, restaurants, and high-end retail, marking a major milestone for tourism and hospitality in the UAE.
The first thing many fans want to know is when Disneyland Abu Dhabi will open. While there is no official date yet, construction on the resort hasn’t started, so it will be a few years before fans can don their Mickey Mouse ears. Speaking to news agency Reuters following the announcement on 7 May, Disney Experiences chairman Josh D’Amaro suggested it would be at least six years before the park opens, saying a project of this scale could take a year or two to design, and another four to six years to build. So, at the very earliest, Disneyland Abu Dhabi could open between 2030 and 2033.
Chelsea FC has announced a global partnership with Dubai-based DAMAC Properties, naming the luxury developer as its official Property Development Partner. The partnership includes the launch of Chelsea Residences by DAMAC, a football-themed seafront real estate project in Dubai Maritime City with over 1,400 units and Chelsea-branded wellness facilities. DAMAC will also feature on Chelsea’s men’s and women’s shirts for the rest of the 2024/25 season. This partnership is DAMAC’s latest major branding move and helps strengthen Chelsea’s presence in the Middle East. Full details of the project will be shared later this year.
off-plan properties are usually much more affordable and lower than the market price for a finished property. Developers can also offer various discounts and incentives to buyers, giving buyers a higher value for the money they invest.
The payment system is also comparatively flexible for off-plan properties with incentives such as post-handover payment plans, extended payment terms, waiver of registration fees, etc.
The return on investment (ROI) for off-plan properties is generally said to be high. Such properties often have a healthy capital appreciation (a rise in the unit’s market value) – sometimes even before the project is completed.
Essentially, the buyer would be at an advantage by buying the off-plan property at a lower price and eventually being able to sell/rent their unit for a higher price.
While off-plan properties already have detailed construction plans for the properties, it is possible for buyers to implement certain customizations to their units.
Keep in mind that these customizations must be approved by the developer and adhere to the guidelines set by the DLD
Depending on factors such as the developer’s reputation, the off-plan project’s amenities, the area the property is based in, and real estate market fluctuations, most off-plan properties have immense potential for capital appreciation.
As the project nears completion and demand in the market increases, the projects value can appreciate. This is advantageous for investors who wish to either lease their off-plan property on completion or sell it eventually – hopefully giving them a much higher price for the unit than what they bought it for.