Off-plan Properties in Dubai

Typically, off-plan property refers to a property that has not yet been built or is still under construction. Since the actual unit is not available for viewing, floorplans and virtual tours will assist the buyer in making a decision. When it comes to Dubai, investors are spoilt for the choice of off-plan properties. Interest in off-plan properties in Dubai has increased as a result of the Dubai Government's clear and safe guidelines designed to protect investors in the primary market.

The most crucial thing you must do is conduct thorough research. Location is one of the most significant factors to consider when purchasing any type of property. Spend enough time researching the best areas in Dubai to acquire off-plan projects. The same rule applies to the project developer. In Dubai, you have an abundance of options; however, when choosing a developer to work with, make sure you conduct thorough research, as this can have a significant effect on whether or not your investment is successful. An established developer is more likely to finish the project on time and professionally.

Top Reasons for Buying Off- plan Properties in Dubai

Lower prices

Off-plan real estate in Dubai has one very obvious advantage, and that is the price. In comparison to ready properties, off-plan properties are more affordable because of attractive offers and flexible payment plans. With a slew of new projects being announced from to time (basically every month), developers compete on affordable prices and flexible payment schemes. The good thing is the vast majority of the payment is not due until the project completion. This gives investors more time to save for the full amount of the unit, or at least to limit the duration of loan repayments.

Return on investment (ROI)

For seasoned investors, who are looking for lower initial investments and high long-term returns, off-plan projects offer excellent investment opportunities. The price of off-plan projects is often below the market value price, and once a property is completed, its value is likely to increase. Providing the project gains popularity in the market, investors may even be able to sell the property before completion.

High rental yields

Dubai's high rental yields are one of the main drivers of property investment. No matter whether you purchase off-plan or ready properties in Dubai or other emirates, your investment is likely to generate a decent rental income, which provides you with financial security. This type of investment has been tried and tested throughout Dubai's investment history and offers extremely good reliability.

Variety of options

There are a variety of off-plan properties available in Dubai, ensuring that every investor could find their perfect home. Off-plan investors in the UAE have a variety of property types, locations, plans, and price options to choose from. The off-plan projects in Dubai are not only limited to the outskirts of the city, Dubai downtown provides buyers a large variety to choose from. AKOYA Oxygen by Damac, Jumeirah Village Circle (JVC), Dubailand, Dubai South, Dubai Hills Estate, Mohammed Bin Rashid (MBR) City, Business Bay, Palm Jumeirah, and Arabian Ranches 3 are among the top residential areas with off-plan projects in Dubai.

Property laws in Dubai

In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years. Under an Off-plan Sale agreement, a Developer is obliged to build Real Property Units on the land that he owns or has the right to develop, and to transfer the ownership of such Real Property Units to its purchasers in accordance with agreed-upon specifications and schedules. The Developer performs these obligations in consideration of the payment by the purchasers of the price of the Real Property Units in instalments as per agreed-upon construction-linked payment schedules.

Apartments

Penthouses

Villas

Mansions

Plots

Townhouses

TERMS AND CONDITIONS POLICY

Welcome to Crypto & Properties

These terms and conditions outline the rules and regulations for using Crypto & Properties's Website.

Crypto & Properties is located at: P.O. Box 283240, Office 504 – 505, Burlington Tower, Business Bay, Dubai, - 283240, United Arab Emirates

By accessing this website we assume you accept these terms and conditions in full. Do not continue to use Crypto & Properties's website, if you do not accept all of the terms and conditions stated on this page.

The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements: “Client”, “You” and “Your” refers to you, the person accessing this website and accepting the Company’s terms and conditions.

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