Factors to be Considered While Investing in Dubai Off Plan Properties
Creating a demand for a market that does not physically exist is
really difficult but Dubai government has done it successfully. In the days
before slump off plan Dubai
properties for sale got high exposure and came in high demand and the buyers
made huge purchases of off-plan properties. Within some time Dubai real estate
investor gets full know how of the off plan properties that they are for
long-term investments. Off plan properties do not yield good results in short
time but if given time they yield far greater results as compared to short-term
properties. Like in other properties there also various options in off plan
properties such as apartments, villas, offices and commercial properties.
The off-plan property in Dubai has always remained a major
attraction for investors since the starting days of Dubai real estate market.
There was a time when new developments were sold out off plan within few days
of their release but then recession shattered the dreams of developers. Now, Dubai
has stabilized a bit and pacing ahead towards attaining complete stabilization
in real estate market. In this article some points will be discussed, which
will help investors to make well informed decision.
Checking
the Reputation of Developer:
First and foremost consideration is about the developer. How long
he has been in the business and how many projects he has launched? What is his
repute in delivering on-time projects? How many complaints were registered
against him? These are few questions about developers that you must know before
trusting him for your precious money.
Checking
Price per unit:
The alarming signal of investment is pricing per unit of the
property. If the developer is ready to sell property at lower price it means
either he will not complete the project in due time or he will deliver low
quality and low standards. You should not invest in such types of projects.
Checking the Developing Company:
The next important consideration is either the development company
is financially backed by the government or not. It is obvious that government
owned projects exhibit low risk as compared to others. Make a sound search
about the project development company.
Checking
Work On-Site:
Mostly projects were halted in Dubai after recession and few were
even cancelled. Therefore it will be more risky if you are going to invest in a
project, where work has not started yet and only architectural drawing is
available. As compared to this situation, if you are seeing work-in-progress on
site then it will be less risky to invest in particular project.
Considering
the Location
Last but not the least important consideration is the location.
People usually forget to physically visit the Dubai rental and buying
properties where project will be commenced. Even it is having similar level of
importance if you buy off-plan property or in a built project. Therefore make a
visit and decide to invest on that basis.
These few considerations can turn your investment into worthy
investment and will let you reap more profit from your investment. Take a look
at all these points and make a decision accordingly.
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