Real estate in Dubai: why buy off-plan?
When you decide toinvest in real estate in Dubai, you have two options. Indeed, it will be possible for you to buy a property already or a property under construction. We speak then of program on plan. But what are the advantages of buying off-plan in Dubai? Explanations.
Real estate program on plan : definition
A real estate program on plan is a program whose construction is not completed. It is sometimes possible to buy before the construction starts, or a few months before the keys are handed over. We speak of an off-plan program when it is not possible to immediately collect the keys to the apartment or house you are buying.
Payment plans for Dubai off-plan programs
Buying a property off-plan in Dubai has many advantages. These advantages are both qualitative and financial. To begin with, buying off-plan allows you to pay for your property over time, and not in one lump sum like a ready-made product. The payment plans offered by the developers will allow you to benefit from a payment schedule over several years(up to 12 years maximum) without going through a bank and without bank interest.
The best prices for your investment in Dubai
You will also be among the first buyers of the residence and will therefore benefit from the lowest prices. By buying off-plan, you guarantee yourself a better profitability than future buyers as well as a greater potential for added value than others. Indeed, the promoters regularly increase the prices as the construction progresses.
More choice
By buying early in the marketing of a program, you will have more choices. Whether it's in terms offloor plan or unit type, you'll have more options. In terms of real estate investment, it is in your best interest to have as many options available as possible. If there is only one very nice option available, you should also know how to seize it.
A new apartment in Dubai
Buying an off-plan apartment in Dubai is a bit like buying a new car. Your apartment (or villa) will benefit from the latest technological advances such as Smart Home for example. You will have a property that has never been occupied and will be under warranty by the developer for 10 years.
Conclusion
If this is your first real estate investment in Dubai, we strongly recommend that you choose an off-plan program. You can also choose a program with a delivery date of less than a year if you feel comfortable with it. But at least you won't have to pay 100% of your apartment like in the secondary market. You will be able to benefit from a payment schedule over several years and receive the keys to a new residence with the latest standards.
Don't hesitate to contact one of our agents to find out more about the new real estate programs in Dubai. You can reach us at +33 7 56 82 82 73 (free calls and WhatsApp messages) or on our local line at +971 56 367 2667.
