Real estate developers operating in Dubai have cracked the code. They know if they deliver a quality product, there will be demand for it. Look no further than the master plan villa communities in Dubai. The level of detail, amenities, and leisure opportunities are simply beyond compare. This is why even off-plan properties attract buyer agents who queue up from a day before, just to get their clients EOIs. In this article, we take a closer look at what makes investing in an off-plan property advantageous in the long run.
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A Financial Advantage
To put it simply, the numbers are too good to ignore. You may usually acquire a luxury house at a price 15–30% less than the similar completed units when you buy an off-plan at launch. This implies that you have equity built in before you start the buying process. As per any leading property developer in Dubai, residential units in Dubai are expected to have yearly price increases of 5–8% through 2025.
However, the flexible payment structure is where the true genius of off-plan purchasing lies. Many prepared real estate purchasers are forced to choose between obtaining finance or making full upfront purchases. However, off-plan investors might enter the market with as low as a 5–10% down payment. Because there is a reduced entrance hurdle, astute investors can diversify their holdings over a number of properties while saving for future acquisitions.
Build your Wealth While You Wait
The wait period is one of the common reasons some folks will give you to not invest in off-plan real estate in Dubai. However, astute investors are aware that a two-to-three-year construction phase does not constitute wasted downtime.
Your new investment is at its peak in terms of value growth at this time. The value of your property will gradually increase as the project moves forward. In order to profit from gain without ever obtaining possession, some clients will even decide to sell their off-plan purchases before they are completed. The best part is that your investment is protected by Dubai’s robust real estate regulatory structure. Your money is safe with RERA-mandated escrow accounts, which are only transferred to developers upon the completion of certain building milestones. How good is that?
Unmatched Flexibility
Real estate property developers in Dubai are smart enough to cater to the demands of their clients. They are not only targeting the affluent, top 1%. Their target audience is anyone who has the long-term vision to own a home for themselves or to use it as an astute investment. This is why a vast majority of them will provide 1% monthly payment options, enabling you to spread out your investment interest-free throughout the course of the building project. As a result, you have even more freedom to control your cash flow as your property values increase.
Amenities Galore
Dubai has a magnetic pull on people from around the globe. The beach parties, the luxury retail spots, the sprawling coastline, and the Michelin-star dining, the cultural diversity, and the sense of security are just some of the features that make this a lovable city. It’s also worth mentioning that the government of Dubai in recent years has gone above and beyond to further improve all aspects of the city; including the ease of doing business, introduction of attractive visa schemes, an exceptional transportation system, and the list can go on and on.
Conclusion
This is the beauty of a city which encourages competition, which inevitably means the consumer is the beneficiary. Whether you’re a salaried individual or own a small business, Dubai has made it ever so easy to own a property if you lay your cards right.
