Buying off-plan luxury villas comes with their own upsides as well as downsides. Getting a property in advance of its completion brings a lot of advantages for the buyer. Off-plan investment, especially in a booming property market like Dubai real estate, brings vast and profitable opportunities. But potential profits can only extracts if the process is carry out correctly.
But if you are a newbie in investing in off-plan properties in a market like Dubai. Then there are a few key points that you should keep in mind. You should consider these points before putting your valuable balance into an off-plan property.
Investing in real estate is a great way to make profitable long-term assets. While buying real estate, the buyer meets two choices. The first option is to buy a property that was built years ago. At the same time, the other option is purchasing a property that is still under construction.
Buying a Dubai off-plan property comes with a number of challenges, as the property you are paying for can’t be seen. So it would help if you were a lot more careful and should satisfy yourself first and your family with all the aspects related to that property.
Dubai Off-Plan Market Guide
Buying an under-construction off-plan property means purchasing a property that is currently unavailable. There are a number of advantages of buying off-plan such as it is not as expensive and a developer takes into account your wishes in terms of color schemes and interior designs. But these off-plan properties also come with some main benefits of buying off-plan properties; prices of these are much affordable compared to the complete one. The developer of the property you’re interested in may give you options to choose from the color range of high-risk factors that a person should also consider. Following are a few things related to off plan properties for sale that a buyer should always keep in mind: –
Choose among the trusted developers
Choosing a developer to help you find the right off-plan property is the most crucial step towards buying your dream property. It would help if you considered working with an experienced real estate agency to help you find the right and reliable off-plan property for you in a property market like Dubai.
Finding the best and most trustworthy real estate agency will free you from all hectic paperwork. The agency you have hired will take responsibility for all the paperwork related to your property purchase.
The prices are comparatively lower with a flexible payment plan.
The price of a Dubai off-plan property is comparatively less than ready properties. Buying an off plan luxury villas also brings a flexible and convenient payment plan. Investing in an off-plan property is a lot easier than ready properties as it is not much costly. If the market situation goes in your favour, then you can make some excellent profits on your investment. The earlier you decide to buy off-plan property, the cheaper it is.
Expect to have an increase in price after completion.
Investing in off-plan properties is considered a good option as you can get good returns when the market turns in your favour with time. While dealing in off-plan property developments, you should have a positive mindset by believing that the property will see a rise in its market value in the future. This means that the amount you are paying right now can grow, and you can get a return more than you invested earlier. This is a clear advantage that one should consider before buying off-plan properties.
Stability in ROI
Off-plan properties are known for having high stability in ROI (Return on investment) due to an increase in the market value of the property with time. Good ROIs have popularized the trend of investing in off-plan properties among the investor community of Dubai. The innovative payment plans offer a wide range of developers in recent times for off plan properties have also attracted a number of new buyers to invest while expecting a good return on their investment.
A huge variety to choose from
The post-pandemic boom in the Dubai real estate market opens a way to choose from a wide variety of different off-plan properties which are newly constructed and uniquely designed. These large numbers of constructions have resulted in a good number of off-plan properties that are available for sale and are currently under construction or are planned to be constructed.
Brand New Property in Hand with Upgraded Amenities
Buying an off-plan property that is not constructed yet brings the opportunity for you to get a handful of upgraded and modern amenities with the completion of the property. A new property may have a current HVAC system that has a top-notch performance, or the property, when completed, may have a unique and beautiful kitchen layout. These amenities are a high-end feature you can get by investing earlier in an off-plan property.
Exclusive Offers to Avail While Buying Off-plan
Developers, to attract good potential customers to invest in their off-plan projects, launch exclusive offers with convenient payment plans. These offers make the investing process a lot easier, and you should always look for them while investing in off-plan.
Opportunity for Small Investors
Off-plan properties are known as golden opportunities for small investors. People who want to secure their savings find off-plan properties as the best and the most secure option. That promises a good ROI. If you are a small investor thinking of investing in Dubai real estate, you should pay particular attention to developing a broad and general strategy and plan. Experienced investors also advise that you shouldn’t be too much in a hurry while investing in off plan properties.
Top Off-Plan Property Developments in Dubai
Ruba at Arabian Ranches III by Emaar
Ruba is an off-plan project located at Arabian Ranches III developed by Emaar. It is a new residential area that consists of elegantly designed housing units in Dubai’s top residential community. Living in Ruba offers a pleasant and cool suburban environment. The gated community of Arabian Ranches III is located between two famous roads of Dubai. These roads are Emirates Road and Sheikh Zayed Bin Hamdan Al Nahyan Street of Dubai. The completion date of Ruba is expected to be somewhere in the year 2023.
Arabian Ranches is located in the suburbs of Dubai and offers a range of luxury villas with ultra-modern amenities. The unique neighborhood of Arabian Ranches is very much popular among the expats. Those reside in Dubai due to the availability of a high-standard lifestyle in the area. This fantastic and magnificent place makes the dream of owning luxury villas in Arabian Ranches come true for many foreigners.
Dubai Hills Estate, A Joint Venture by Emaar and Meeras
Dubai Hill Estate is a residential project in Dubai developed by Emaar Properties. Emaar is the most famous real estate company in Dubai. The area has a number of stylish and beautifully built housing units. These residences are being built around an 18-hole championship golf course. The residents living here also enjoy eye-pleasing lush green views.
The fantastic project of Dubai Hill Estate is located in the famous Muhammad Bin Rashid City. The luxury properties here are an 18-hole championship golf course, nature trails, hotels, resorts, and the spectacular Dubai Hills Mall, which is unique. The community also has some of Dubai’s top best schools, healthcare centers, recreational zones, mosques, and high-end restaurants.