Dubai is known as one of the most developed and luxurious cities in the world. The real estate market of the emirate offers not only deluxe properties for wealthy investors, but also high quality housing in the budget segment. The extreme versatility of properties in United Arab Emirates is a vivid characteristic of already finished real estate as well as objects under construction. The latter option is in high demand among foreign investors and those who want to make business in the real estate sphere. In this article, we will discuss the term off-plan means, pros and cons of this type of property, and what economic attractiveness it features.
Off-plan projects in Dubai
Off-plan property is a real estate under construction. Such objects are available for sale via a direct deal with a developer. Properties for sale off plan in Dubai are represented in the same types of housing as the already finished ones. Besides, projects under construction provide more favorable terms of purchase and provide an opportunity to receive income not only from the lease, but also from the increase in the market value of the acquired objects.
The metropolis attracts investors from various parts of the world, offering a wide selection of flats, houses, and villas from famous Emaar Properties, Dubai Properties, and Meraas. The developers provide investors with objects that are flexible at the stage of construction with a convenient payment plan and all sorts of bonuses.
Benefits of buying off-plan real estate in Dubai
There is no secret that all types of property in Dubai are popular among buyers. However, there are some specific benefits they can get when investing in off-plan homes.
Affordable pricing policy. The real estate market offers property for sale in Dubai under construction is almost 2 times lower than that of finished objects. At the same time, after each stage of construction work is completed, the market value of your asset will steadily increase.
Possible risks when buying property off-plan
No matter what type of property you are going to buy, some risks are always present. It is especially connected with purchasing apartments or houses abroad. Still, apartments for sale in Dubai as well as houses and villas, are worth being more careful and more patient.
Let`s explore the list of possible risks appearing when purchasing off-plan objects:
The outcomes
Purchase of off-plan property in Dubai is a choice of an investor. If the immediate profit is at the top of criteria, it is advisable to focus on already finished projects. However, if you consider a long-term investment, buying off-plan real estate is a rational decision. To find out the best housing option, visit the website Emirates.Estate. The professionals from the real estate industry will provide every client with a detailed consultation of any project in Dubai. Having performed hundreds of successful deals, they will advise on how to eliminate risks buying off-plan and what objects will be more profitable in future.