Many investors prefer to buy real estate in the UAE off-plan (at the development stage). Real estate under construction is a profitable investment and the possibility of acquiring an apartment/villa in installments.
Villas under construction in Dubai
Why do investors prefer to follow off-plan? The Dubai real estate market is dynamic and growing rapidly. In one year real estate can rise in price by 15-34% depending on demand. And this applies to already finished objects. Things are different with off-plan real estate. Real estate under construction in Dubai usually costs 40-50% less than already finished and put into operation. Therefore, from a financial point of view, it is more profitable to purchase housing at the stage of excavation. Among other benefits of buying a home under construction are:
- Fast sale. It will not be difficult for an investor to sell an apartment or a villa as greatly exceeds supply is demanded.
- Possibility of choice. The buyer has the opportunity to choose an apartment with the desired view from the window, choose the floor and layout.
- Installment. Almost all developers offer installment plans. The first installment ranges from 5% to 25% but it is at the stage of excavation that it usually does not exceed 10%.
Are you looking for luxury real estate in Dubai? Pay attention to the following complexes under construction:
- Orla.
- Zuha Island.
- Signature Mansion.
- Six Sense Residences.
- Five Lux JBR.
- Address Villas Hillcrest.
Among the communities offering luxury apartments are:
- The Highbury.
- Central Park – Fern.
- Kempinski Residences The Creek Dubai.
- Binghatti Corner.
- Dar Al Arkan Pagani Tower, etc.
But in addition to the mass of advantages, such purchases can be accompanied by risks. One of them is the construction freeze. Such a scenario is unlikely in the UAE, as the activities of developers are regulated and controlled by the Dubai Land Department and RERA. Both authorities, before issuing a permit for the construction of a building, check all the technical documentation and the reputation of the developer, analyze past projects.
If you want to buy a luxury villa or a luxury apartment in Dubai, please contact us. Our Limitless Valley company will find for you exclusive options in the best residential complexes and areas of Dubai. Limitless Valley experts will advise on the legal aspects of the acquisition of real estate and accompany the transaction until the signing of the contract.