Dubai is one of those unique places in the world where investing always tends to be a good choice, no matter what. With a growing economy and lucrative returns on property investment, Dubai is basically a heaven to invest in the real estate market, particularly off plan projects in Dubai.
These types of projects are popular among property buyers and why wouldn’t they be? Projects that are still in development like Emaar off plan projects and Meraas off plan projects have been very popular in the past few years.
So, if you’re interested on investing in an off-plan project, check some of the perks of investing in an off-plan villa in Dubai below.
1: LOWER PRICES
Projects that haven’t been constructed are always offered at significantly lower prices. Companies and real estate agencies make attractive offers, which make properties a lot more affordable comparing to constructed developments, which already have a higher value.
This type of investment tends to be an excellent opportunity for first-time buyers and seasoned investors. Both get benefits like lower prices and financial flexibility.
2: CAPITAL GAINS
Due to the constantly growing economy of the UAE, the real estate industry is always promising when it comes to return of investment. In almost every case, the value of the property will increase once it’s completed.
A rise on the price of your property can make you consider if you should sell and get significant capital gains before or after completion, depending on the development.
3: BUYER PROTECTION LAWS
When you’re buying off-plan properties you’re obviously at risk, this is why the RERA (Real Estate Regulatory Authority) and the DLD (Dubai Land Department) take a lot of measures so they grant buyers protection against off-plan related issues such as delays, cancellations or even fraud.
For example, there’s a law in which buyers must only make payments for off-plan properties on DLD-approved banks. The developers will have access to the funds once an accorded portion of the project is completed.
There’s an off-plan project in development in almost every corner from Dubai Downtown to the streets of Jumeirah such as Burj Jumeirah in Downtown Jumeirah. Dubai’s off-plan property market is one that’s constantly growing and in development and it’ll be that way for a while.
So, there’s nothing to be worried about when it comes to off-plan property investment in Dubai. Off-plan projects are safe, reliable and profitable. From off-plan projects by Meraas in Jumeirah to off-plan projects by Emaar, the opportunities are endless – you just have to look out for them.