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Off Plan Apartments For Sale in Dubai

DreamPropertyDubai.com also offers off plan apartments for sale in Dubai. Contact us for a full list of off-plan properties in Dubai. Normally buying property off plan works out up to 30% less expensive than buying ready property because Developers know that they must provide sufficient incentives for buyers because there is more risk and of course Buyers cannot either move into their properties right away nor can they rent them out to obtain an immediate return on their investments.

 

Higher Capital Appreciation may therefore be anticipated than for ready property, assuming the off-plan property is purchased when the property market is buoyant and not in a downturn. Additionally, Developers usually offer attractive payment terms, with typically a 10% deposit followed by a series of installment payments which these days often extend past the completion and handover dates by several years, thus enabling investors to rent out their properties and obtain rental income, helping pay off the outstanding balance owe. Note that the Dubai Land Dept Registration Fees, the Oqood and Administration Fees are payable at the time of booking the apartment, but this is also for the Investors' protection.

 

New Legislation has been enacted recently to help protect Investors interests, including the obligation for Developers to hold Investor deposits in Escrow Accounts until authorized to use these funds for construction. However, clearly there are higher risks associated with buying off plan, but these risks can be mitigated by checking with RERA to ensure that the Developers project is properly registered and has obtained all necessary approvals: also by careful assessment of the Developer's track record and financial probity, by checking the location/site where the development is planned, and by gaining an understanding current market conditions. Finally seek independent advice from a reliable knowledgeable Real Estate Agent.

 

So, when considering investment in off plan apartments for sale Dubai, come to the experts, DreamPropertyDubai.com  

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