Investing in real estate has played a huge part in the success of most billionaires around the world today. Investing in off plan properties is a proven way for all kinds of investors to get ahead to reach their financial and investment goals. With a growing economy, political stability and lucrative returns on property investment, Dubai is a haven for those looking to sink their hard-earned money in the real estate sector. Off plan properties, in particular, enjoy an immense popularity in the region amongst property buyer. Some key reasons for investing in real estate are:
One of the most obvious benefits of investing in off plan properties is that these projects are under construction projects and are offered at significantly lower prices. Attractive offers and feasible payment plans make them slightly more affordable and practical when compared to constructed developments, which are valued at a higher. With numerous projects being announced every month, developers compete mainly on prices and lucrative payment schemes such as paying 50% upfront and 50% upon completion or the “1% per month” payment plans. Some of these go well beyond 40% post-handover, giving off-plan property buyers a major advantage.
The UAE is one of the fastest growing economies in the world, so real estate investment here are extremely promising in terms of return on investment. The value of a property is likely to increase once it’s completed, irrespective of the “locked-in” purchase price before construction. Off-plan property investors can also turn a quick profit by selling before completion, provided the project has gained popularity in the market.
Property is a rather flexible investment. Regardless of your financial goal there is a investment strategy that will suit you. Common strategies includes; capital growth, buy to let, renovations, sub-divisions and even development.
Property is tangible investment that provides shelter; a basic necessity for most people. This essentially means that should events take a turn for the worse you have a property you can move into and use as your home or alternatively lease out whilst you wait for capital appreciation.
You will be able to get off plan property in Dubai which covers all regions like Nshama Town Square, Dubai Hills, Dubai Creek Harbor, Damac Hills, and Dubai Canals to Mohammed bin Rashid City, Emaar South, Meydan, Arabian Ranches 2 and 3, Downtown Dubai, Dubai Marina, Dubailand, Jumeirah and many more prestigious locales. All these Dubai properties will be featured at Expo 2020 as well.