Benefits of Buying Off-Plan Property in Dubai

In the last few years, there is an increase in the number of people who are buying property in Dubai. Anyone can buy property in Dubai whether you are a resident of Dubai or based oversea, there are no strict rules for buying property in Dubai. For buying property in Dubai you don’t need any residential status or property rights. You can buy villas, apartments or townhouses.

Off-plan properties are those properties that are in the underdeveloped area at the time of purchase and are expected of great development and profit in the future. Many people are investing in off-plan properties i.e. off-plan developments in London, Dubai off-plan property for sale and many more. If you plan to invest in these properties then it is a good decision as this investment has a high return on investment (ROIs).  

Dubai is the most stable city in the MENA region and if you live in Dubai then it will give you a sense of security. Here, foreigners can also invest in properties there is no boundation.  You can also buy property in Dubai, if you buy property in Dubai then you can become eligible to acquire the residence visa in UAE.

·         In Dubai, when you invest in freehold property you get complete control over the land and individual property both. You can make any changes you want and also renovate the property as per your desires and needs. But, if you invest in property for rent, then the control of the property remains in the hands of the owner and if you wish to make any changes in the property you have to take the permission of the owner.

·         If you become the owner of the freehold property in Dubai then your property will be passed to the legal heir when the owner of the house passes away.

·         There are many people who are looking for apartments for rent near me in Dubai, you can give your property on rent and can earn extra income. You can also sell or give your freehold property on lease.

·         If you are the owner of the freehold property then you and your family can get renewable UAE residence visa.

Before buying a house, you should look for a portfolio, past service, and current customers. You should visit a house which you want to buy. You should visit the houses which are managed by them and talk to tenants, what they think about the owner and property issues. If you keep in mind these things then you can find the house of your choice. You must be careful while completing the formalities and select reputed Dubai real estate companies as this will help you in buying the best property and managing it in the future. 

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Created on Aug 28th 2019 05:42. Viewed 551 times.

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