Benefits of Investing in Off plan Properties Dubaiby Marco Antonio Real Estate Company in Dubai | Rent Apartments in
Buying Off Plan Properties Dubai is a great option to invest in real estate in Dubai. These properties come with great financial flexibility and lower price benefits that can be lucrative to both, first time buyer as well as seasoned buyer.
When you buy property directly from the developer, you generally need to pay -20% down payment and signs SPA (Sales Purchase Agreement). Depending on the developers, the mode and duration of the rest of payments may vary but are usually linked to construction.
When you invest in off plan properties Dubai, you need to pay 20% to 80% during construction and the rest of the amount at the completion of the project. %0/50 plans are very popular nowadays. If you need mortgage to complete, there might be risk of not getting finance in future for one or other reason. To mitigate risk, you can apply to borrow up to 50% of the purchase price which is pre-approved at the time of application and is guaranteed to be paid at completion
Investing in off plan properties Dubai can be great option in many ways. It enables investors to buy property at the earliest and lowest possible price. Buyers can opt for the best apartment in a particular development. Sometimes, people get chance to sell off their off-plan property contracts at profits even before theproject’s completion. As UAE is one of the fastest growing economies in the world, Dubai Real Estate Agents are offering investments opportunities with promising returns and the value of property is likely to increase once the project is completed and hence, investors can expect significant capital gains should they decide to sell before or after completion.
If the market has performed well, the owner can look to sell property at a considerable profit. Also, the upfront costs for off plan properties are usually lower and developers usually offer 10% to 30% lower prices for off plan and under construction properties. There are risks involved in the investment in off plan properties, however there are many measures are taken by taken by RERA (Real Estate Regulatory Authority) and Dubai Land Department (DLD) in the UAE to safeguard buyers from frauds, delays and cancellation of the projects. Buyers investing in off plan properties Dubai should make payment through DLD-approved banks. It is important to approach a well-known Real Estate Company in Dubai or reputed Dubai Real Estate Agents to find the best off plan properties in Dubai.
Created on Jul 8th 2019 02:16. Viewed 586 times.