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How to reduce the risk of buying off-plan property in Dubai?

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Development market is rising rapidly in Dubai, buying an off-plan projects in Dubai has been always a conflict, as having a property that they cannot actually view or feel is a challenge. People think of it as a complicated and unsafe process. However, the reality is that buying an off-plan is an intelligent step through your investment future. The fact that you can choose your own property in any popular location, that matches your expectations will raise the value of your property from the time you buy it to the time that the construction is finished. So, you will have a direct equity profit once you move in. The other great advantage that all off-plans come with structural guarantees, so there is no worries about any hidden defects, and the fact that this is will be yours from the start and you will be monitoring your unit being built block by block will save you the effort of maintenance cost for the first years of your ownership. In addition to that, buying an off – plan you wi
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Ready to move VS Off-plan Property – Which to go for?

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In the most aspects of life, we tend to prefer a complete property rather that is ready-to-move and we can see and feel all the aspects of it. Instant gratification ranks are very high to most people priority list, which conclude us to the main reason why most people prefer a ready property than an off-plan one. They prefer the ones that allow them to move immediately with a clear idea of what will be delivered to them. But let’s look on the other side of this, an off-plan property allows you to have your dream unit with the lowest market value comparing to what you will end up paying when it is ready. You will be able to monitor the full construction process for you to implement your own ideas, taste and dream plan into the unit you are choosing. In addition, to the raise of market value and profit once the construction is done and the unit is ready to be delivered a direct profit income and value raise will be added to your property. Off-plan Properties: Pros: Cheaper:  Buying an
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What is off-plan property?

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An off-plan property term means a property that is sold prior to construction or at early stages of construction. These properties are offered by a discount or a payment plan that are usually accompanied with a deposit requirement. The property is before a structure has been constructed upon it. Pre-constructions are usually marketed to real estate developers and to early adopters as developments to allow the purchaser an easier, much better finance terms from their lenders.
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What are the advantages of buying off-plan property in Dubai?

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Buying an off-plan allows you to get the property with a lower price comparing to current or future market prices with a return on capital and a strong rental value. In a rapidly developing market, buying off-plan enables investors and homebuyers to buy a property at a lower price than the ready to sell units. In addition, buying off-plan projects in Dubai may be the best way to get a property with your own favorite location or set of features as choice may be limited once construction starts. Buying off-plan properties in Dubai is ideal if you decide on re-selling the unit once the construction is finished. In order to purchase off-plan property, you just need to provide a deposit of just 10-20% of the property’s value, making securing the property simple and affordable. Whether you decide to resell or live in the apartment, the best way and the greatest advantage of the off-plan properties is that you are able to choose the ideal unit that suits your dreams, matches your id
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What are the disadvantages of buying off-plan property in Dubai?

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Buying off-plan property in Dubai is not the risk that everyone imagines especially nowadays with a majority of developers offer a deposit guarantee for extra security and peace of mind. However, it is not as certain as other properties that are ready or pre-owned which you can see with your own eyes and feel them. But just remember these properties once where an off-plan and under construction and now they worth much more that before due to the market value which keeps on rising each and everyday since the construction starts. There’s also the possibility that the property you purchase doesn’t increase in value as much as you expected, or at all, during its construction. Therefore, and to ensure optimum ROI, it is better to always look for off-plan projects in Dubai that have been built by trusted developers, within areas with growing levels of investor demand.
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What public think about buying off-plan projects in Dubai?

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Buying off-plan has been thought to be a risky step for purchases especially during periods of weak or unstable economic environment. However, deposit guarantees, stability and the solid reputation performing of the Dubai property market, have made buying off-plan property more popular throughout the years, where it has become a comfort and common place in the Dubai property market. Off-plan property has been considered by leading property experts as an ideal way to maximizing your buying and potential return on investment. Earlier in 2014, The Telegraph referred to it as “a dead cert way of getting more for your money”. What public think about buying off-plan projects in Dubai ? Buying off-plan has been thought to be a risky step for purchases especially during periods of weak or unstable economic environment.
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