These projects are often considered as the best option especially by real estate agents in Dubai. One of the main reasons is that they are comparatively cheaper, and you get the flexibility to build whatever you choose to base on your plan. For more reasons, continue giving this article a read.
Affordable Option
Due to the fact that they are still under development, this alternative is regarded as less expensive than completed projects. Furthermore, financing is frequently cheaper during the development phase. The most that can be financed in some circumstances is 50% of the purchase price. Due to this, buyers can withdraw 25–30% of their investment while the property is still being built.
Ideal for Investors
For investors wishing to purchase a house before building starts, such type of projects is suitable. Once development is complete, this kind of property can be sold for a healthy profit with no risk. They can also create rental revenue, which will aid investors in getting a respectable return. It is known to be a great method to invest in a house because Dubai is one of the cities with the greatest population growth worldwide.
This type of construction is frequently priced much below market value. Developers aim to sell as many apartments as they can before starting construction, which is why this is the case. As a result, many of developers give bulk buyers significant discounts.
Convenient for Buyers
Another benefit of investing in such type of project is the fact that developers guarantee the success of the projects they are building. These developers are well-known for their grand flagship projects and are adept at developing entire residential and business districts. They develop a diverse range of properties and are able to meet buyers’ requirements.
Appreciation in Value
You can choose from a range of off plan projects in Dubai. Given that they are usually sold at lower prices than their constructed counterparts, it makes them attractive to both novice buyers and seasoned investors. You can also benefit from a more flexible payment scheme. Many developers are happy to work out lucrative payment plans for off plan projects. One of the most active real estate markets in the world is in Dubai. The real estate market is constantly active since local developers are launching so many new projects. You can stay onto a property until it is finished and rent it out to make a consistent rental income, or you can invest in one that is still under construction.
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