Buying a property in the off-plan category has many advantages. Perhaps, one significant disadvantage is that buying real estate in the off-plan category will not allow you to immediately move into an apartment or house. We wrote about all the advantages below. It is worth noting that we mean only buying from the largest construction companies in the UAE, which excludes trouble!
The low price is the key advantage. So, the average price per square meter is USD 3,000, while in the secondary market even the minimum limit will be equal to USD 3,500. A lot in a new building depends on the terms of investment: the less built, the lower the price will be. The price o at the completion stage will be equivalent to the price of the building.
Off-plan projects as an investment for resale
If you are thinking about buying real estate in Dubai as an investment option, you will be interested to know that not only the subsequent rental of an apartment can enrich you. Take a closer look at such an option as the resale of housing. To do this, you need to buy an apartment at the initial stage of construction, and resell it at the completion stage.
Plenty of choices
When buying off-plan real estate, you are free to choose a layout from a much greater variety of planning solutions than in the case of the secondary market, when you have to buy the housing that someone decided to sell.
Many developers offer a fairly small deposit amount, as the buyer can make only 5% of the total price. This is convenient, you can buy for the next payments for a long time. In addition, some of the development companies offer buyers additional bonuses. For instance, they pay 50% of the price for the registration fee of the Land Department (DLD) or fully cover it. Sometimes developers offer a discount on a parking space or even a discount on a second property in the project. Find the information about current promotions so as not to miss the maximum benefit!
Opportunity to increase the standard of living
Due to the lower price of a house under construction and the ability to pay in installments, investors can become owners of luxury housing for less money. Palm Jumeirah, Jumeirah Village Circle, Downtown Dubai, and other iconic communities offering a luxury lifestyle will be available to you.
What new residences are being sold in Dubai
To date, investors are focused on the following projects:
- Seven Residences in Palm Jumeirah;
- Pantheon Elysee Residential Quarter in JVC;
- Downtown Views II Residential Complex in Downtown Dubai;
- Golf Place Townhouse Village (Maple Townhouses) in Dubai Hills Estate;
- The District One in Mohammed Bin Rashid City, which offers both apartments and detached houses.
Our assistance in buying real estate in the UAE
Find out as many details as possible about all Emaar Properties projects and follow the agency’s official website: https://emirates.estate/.