As Dubai is experiencing a growing economy and sound political structure, it has become a haven for people who want to invest in the real estate field. Particularly, off-plan properties Dubai enjoy popularity among property buyers. In 207, sales of this type of property surged and this trend seems to continue well this year. Below are the main reasons to invest in this kind of properties in Dubai:
More Affordable Prices
Off-plan properties are not yet built projects offered at lower prices. Their affordability is coupled with flexible payment plans. Property buyers benefit from these prices and financial flexibility. With plenty of projects being announced on a monthly basis, developers compete on prices and payment schemes like paying 50 percent upfront and 50 percent upon completion.
High Rental Yields
A lot of people invest in properties in the United Arab Emirates because of rental income. With an influx of expats in the country, it is expected that the demand for housing options in Dubai will continue. Because of the stability of return on investments (ROIs), chances are investors will earn a decent rental income from their investment.
Capital Gains
As the Emirates is a fast growing economy, real estate investments here is quite promising when it comes to ROI. A property’s value is expected to increase when finished regardless of the locked-in price before construction was started. Thus, even if an investor paid off the investment stages as per the payment plan of their chosen developer, they could expect an increase in their property’s market value.
The popularity of the neighborhood and locality play an important role in the property value’s appreciation. In case the surrounding area is under development when the off-plan property was bought, this can result in an increase in property’s market price.
Laws that Protect Buyers
Although off-plan properties in Dubai come at a risk, the Real Estate Regulatory Authority (RERA) and Dubai Land Department (DLD) grant property buyers extra protection against fraud, cancellations, or delays. This reinforces the confidence of buyers in the off-plan property market, creating a safe climate for investments with certainty that their properties will be made under normal circumstances.
