Dubai has increased its appeal to international investors by offering a multitude of opportunities in real estate. Off-plan properties have especially captivated the interest of local and international buyers, as they provide an excellent way for people to invest their money in Dubai property.
The following are some other reasons to consider investing in off-plan properties:
Lower Prices and More Payment Options
It is one of the most significant benefits of buying an off-plan property in Dubai. Various offers and payment plans make an investment in Real Estate incredibly affordable and practical, compared to purchasing a property in a constructed development.
The off-plan property provides first time and experienced investors with the opportunity to benefit from lower prices and flexible payment plans. Developers compete on price and payment plans, which gives off-plan property buyers a significant advantage.
Higher Capital Gains
Real estate in the UAE has proven to be a good investment. Even if you pay in phases or a fixed amount, the house's value will rise during construction. In addition, you have the option of reselling it before or after completion.
Local area and neighbourhood popularity play a significant role in property value appreciation. For example, if you purchase property in an underdeveloped area that's gradually evolving into a well-rounded community, that property's market value will undoubtedly increase.
Higher Rental Yield
Property rental yields in the country are high. With a steady influx of expatriates, there is always a demand for housing options.
So, whether you purchase off-plan or ready properties, chances are you will earn an excellent rental income from your investment, providing you with financial security and a solid foundation in Dubai.
Property laws in Dubai
Dubai has enacted the Real Estate Regulatory Authority (RERA) and Dubai Land Department (DLD) to protect buyers, investors, and developers against delays, cancellations or fraud. Buyers must make off-plan real estate investment payments to DLD-approved banks. Developers will not be able to access funds until the project is finished.
A wide range of off-plan projects
There is a massive off-plan property on the market, and investors can choose from well-known locations such as Downtown Dubai, Business Bay, JVC, and many more new communities.
If you want to see the off-plan properties in these areas, our Developers Sales team will be happy to assist you at every step of the way.
Contact Head of Developer Sales, Fintan D Flannelly on +971 56 115 9044
Or, visit the link below.
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