Off Plan Apartments For Sale In Dubai

Apartments undergoing construction are commonly referred to as off-plan apartments. Buying an off-plan apartment simply means buying an under-construction unit. Leading real estate developers like DAMAC Properties are coming up with newer projects to cater to the increasing demand for housing which includes a wide range of off-plan apartments for sale in Dubai.

Off-Plan apartments can be purchased through various payment plans. Buyers can either pay a specific percentage of the property price until the entire construction process is completed or pay according to the completion stages of that project. Real Estate companies provide special offers that allow buyers to purchase off-plan properties with payment plans extending beyond the handover date.

If your goal is not to achieve quick investment returns, then buying an off-plan apartment has many benefits that include lower purchase prices and higher unit prices post construction. In addition to this, there is also a possibility of achieving large rental returns in the future.

The Real Estate market in Dubai is witnessing great demand from investors, as per several government reports, the sales of off-plan real estate account a large percentage of the total real estate sales during the past years.

Advantages of Buying Off-Plan Apartments in Dubai

• Low prices compared to ready-made properties

The lower property price plays a big role in determining the buyer's desire to buy a property in projects under construction in Dubai.

 

• Flexible payment plans spanning years to handover and beyond

Some of the leading real estate companies in Dubai offer flexible payment plans that extend throughout the construction period of the project, while others offer flexible plans that extend beyond the handover date. These plans help buyers arrange their financial priorities with ease and ease.

 

• Real estate price hike after completion

After the construction work in the project is completed, the price of the property often increases significantly, which can be a noticeable benefit for real estate investors buying off-plan apartments, as the difference between the purchase price on the map and the sale after completion can range between 30 to 40% based on the type of unit, its location, and the facilities and services that are characterised by it.

Some investors are afraid of some issues related to the possibility that the project may not be completed, or that it may take a longer period than what was announced, but the Dubai real estate laws in this regard are clear and strict and guarantee the buyer his full rights.