WHY OFF PLAN PROPERTIES IN DUBAI ARE GREAT FOR INVESTMENT
Dubai is suggested to be one of the safest cities in the world, with low crime rates and a strong security presence. Investors can feel confident knowing their investments and assets are secure. Real Estate in Dubai has proven to be a good investment. Especially off plan properties have captivated the interest of local and international buyers, as they provide an excellent way for people to invest their money in Dubai properties.
Purchasing off plan properties is purchasing property before it is built, most often in the early construction stages or even in the project phase. Various offers and payment plans make an investment in Real Estate incredibly affordable and practical, compared to purchasing a property that is already built.
Buying an off-plan property allows investors to get a purchase price at the earliest and lowest possible price. It also allows buyers to choose the very best apartments in a particular development. This plays a big part in increasing the chances of gaining the maximum (ROI ) return on their investment and Capital appreciation. The value of a property is likely to increase once it’s completed.
Off-plan properties allow investors to benefit from lower prices and a flexible payment plan. Which is one of the most significant benefits of buying an off-plan property. Developers compete on price and payment plans, which gives off-plan property buyers a significant advantage.
Numerous measures have been put in place to ensure that the Dubai market is a stable and secure market to invest in. RERA has introduced numerous measures that must be met by the developer, to ensure an off-plan project is completed. Dubai Land Department keeps an Escrow account to protect both the buyer and seller throughout the home-buying process.
The buyer can sell the off-plan property once he/she has repaid a minimum of 40% of the property price (this 40% does vary from developer to developer ). Once the minimum repayment threshold has been met the process of selling an off plan property is very similar to selling a ready property.
Wondering where to buy an off-plan property in Dubai? Take a look at these upcoming projects..
