5 Advantages of Purchasing Off-Plan Real Estate in Dubai
Dubai’s abundance of real estate opportunities has contributed to its increased appeal to foreign investors. Because they offer a great opportunity for investors to put their money into Dubai real estate, off-plan properties have drawn the attention of both domestic and foreign buyers.
Consider investing in off-plan properties for the additional reasons listed below:
5 Advantages of Purchasing Off-Plan Real Estate in Dubai
1. Cheaper Costs and More Methods of Payment
It is among the biggest advantages of purchasing an off-plan home in Dubai. Investing in real estate is much more cost-effective and practical than buying a property in a constructed development because of the variety of offers and payment plans available.
For both novice and seasoned investors, the off-plan property offers reduced costs and customizable payment schedules. Because developers compete on price and terms of payment, purchasing off-plan gives buyers a big advantage.
5 Advantages of Purchasing Off-Plan Real Estate in Dubai
2. Increased Profits on Capital
The UAE’s real estate market has proven to be a profitable venture. Whether you pay all at once or in installments, the house will appreciate in value while it is being built. Furthermore, you can choose to sell it again, either before or after it is finished.
Property value appreciation is significantly influenced by the local area’s and neighborhood’s popularity. For example, if you purchase property in an underdeveloped area that’s gradually evolving into a well-rounded community, that property’s market value will undoubtedly increase.
5 Advantages of Purchasing Off-Plan Real Estate in Dubai
3. Increased Return on Investment
Rental yields on properties are high throughout the nation. There is a constant need for housing due to the steady influx of expatriates.
Therefore, whether you buy ready-to-move-in or off-plan, there is a good chance your investment will generate a high level of rental income, giving you stability and financial security in Dubai.
5 Advantages of Purchasing Off-Plan Real Estate in Dubai
4. Dubai’s Real Estate Laws
To guard against delays, cancellations, and fraud, Dubai established the Dubai Land Department (DLD) and the Real Estate Regulatory Authority (RERA). Buyers are required to pay banks approved by the DLD for their off-plan real estate investments. Funds will not be available to developers until the project is completed.
5 Advantages of Purchasing Off-Plan Real Estate in Dubai
5. Many different off-plan projects
A large amount of off-plan real estate is available for purchase, and buyers can select from a number of well-known areas, including Downtown Dubai, Business Bay, JVC, and numerous other brand-new developments.
Our Developer Sales team will be pleased to help you at every stage if you would like to view the off-plan properties in these areas.
Contact Head of Developer Sales, Mahyar Maleki, on +971 52 769 0900
Or, visit the link below.
