Investing in Dubai’s Off-plan properties currently is like the cheapest way to make it big in the UAE.
This topic should be of the big interest to you whether you are a realtor, an investor, or a developer; so long you are into the real estate trade anywhere in the UAE.
Off-Plan property as an extension of traditional real estate marketing has an array of advantages affiliated with it, but so are tricky loopholes. In this post, we’d see what off-plan property is, and its benefits. So whoever is left unsure of the consequences of taking an off-plan deal would have their minds made up once and for all.
Offplan Properties Dubai; How It Works.
If you are in a foreign country and a friend told you his next trip takes him to Dubai, you’d probably laugh and be convinced your friend has got some cash to fling around.
Well, that is true.
The luxurious lifestyle this city doesn’t really allow cheap spending, a definition which extends to housing, as well as the entire real estate market, belongs to those who can handle it.
However, the city has a vast span of land to build on, just like the rest of the UAE, therefore; building from scratch is encouraged. With that in place, developers such as offplanzone engage in a construction system where an investor or buyer pays the company and provides the blueprints to a design which such buyer is interested in.
The company (developer) then employs contractors to bring her clients’ dream to reality, after which the legal papers to the property would be handed over to the client.
Off-plan Properties Dubai; what’s In It for Me?
The simple honest benefits are
- It’s relatively cheap; an off-plan property is cheaper to purchase than traditional ready built houses. This advantage is not limited to Dubai alone as the real estate market in most other countries, share a sample policy.
- Built to your exact taste.
A Ready built condo is not easy to redesign to a buyer’s taste, there would be a need to deconstruct and reconstruct some areas and all. An off-plan property on the other hand gradually follows your exact stipulations and in fact, you have a right to inspect how suited it is during construction.
- Standard legal backing that protects your right.
If for some reason, a developer decides to make changes to your disadvantage; your rights to legally remedy such situation are intact as a citizen of the UAE or a foreign investor.
Offplan Properties Dubai; How to Choose.
If you intend to build a condo for rent, a relaxing home by the beachside, or a building complex for commercial purposes, we got you covered at offplanzone.com. However, as a global commercial community, countries in the UAE (especially Dubai), are known for their top-notch quality commercial products. Therefore it’s advisable for long term investors to seek a commercial property before a residential place. This is because sales are continual all year long in Dubai, while residential tenancy only stands when international workers are not on holidays.