Skip to content
Decorator Advice

Decorator Advice

All Roads Lead to Home

  • Home
  • Decorate Your Home
  • Garden Time
  • Home Exterior
  • Home Tips & Guides
  • Contact Us
Watch Online
  • Home
  • Home Tips & Guides
  • Why it’s Worth Buying an Off-Plan Property in Dubai

Why it’s Worth Buying an Off-Plan Property in Dubai

Gary Cripps May 3, 2022 2 min read
347

Off-plan projects in the UAE open up wide opportunities for buyers. Most foreigners consider Dubai real estate as an investment. Apartments can be bought at attractive prices in MAG City and other complexes under construction. Before buying, it will not be superfluous to familiarize yourself with information about why it is profitable to invest money in housing under construction and whether this process is associated with risks.

Features of Dubai Off-Plan Real Estate

This category includes properties in which at least 20% of construction work has already been carried out, and sales have been opened.

Dubai real estate market is quite wide and allows you to buy both a budget studio apartment as an investment and an elite villa for permanent residence. Among the developers, there are both private and public developers. Among the latter, Emaar Properties, Dubai Properties, and Meraas have the best business reputation.

Specifics of Buying Off-Plan Apartments

Buyers are concerned about two issues:

  • What happens if, when paying the cost of real estate immediately, the developer does not fulfill the obligations?
  • Will the residential complex be handed over within the stated deadlines?

The answer is very simple: the state controls the development of Dubai, so the owners are fully protected from any risks. Financial losses are eliminated thanks to a well-established system. The property can be resold at any time, including before the end of construction.

State Guarantees Successful Development

Not every developer can get a construction license and the right to sell off-plan real estate. It requires:

  • A certificate of land plot ownership, where the construction is being carried out.
  • A guarantee fee that confirms the financial viability of the developer.

The funds are deposited into a freezing account and spent in stages as the project obligations are fulfilled.

In case of failure of delivery, the customer can postpone the deadline for a maximum of 12 months in the presence of force majeure. In the future, the project will be put up for auction and completed by another developer.

Convenient Payment Scheme for Real Estate

Off-plan provides for installment payments. This is a much more profitable scheme, resembling a mortgage from the outside, but not burdened with the need to pay interest. The developer sets the number of payments individually.

Usually, this is the first installment, the amount of which varies from 5 to 30%; the remaining payments are made as certain stages of construction are completed. The funds are not transferred directly to the developer but to his target account controlled by Land Department.

Our Assistance in Buying Foreign Real Estate in the UAE

The largest real estate aggregator in the UAE presents apartments, apartments, and villas in Dubai. Among the mono ads, you can choose both off-plan projects and ready-made housing for any budget. Read more information on the official website – https://emirates.estate/.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Continue Reading

Previous: Spring Home Repair: Tips and Tricks
Next: The Most Necessary Whole House Water Filter 2022

Trending

Your Personal Choices for Your Home Untitled design (72) 1

Your Personal Choices for Your Home

May 25, 2023
Unveiling the Magic: How Window Coverings Transform a Room Qwe (29) 2

Unveiling the Magic: How Window Coverings Transform a Room

May 24, 2023
How Hiring Facilities Management Solutions Can Greatly Improve Your Workplace Untitled design - 2023-05-23t080328.957 3

How Hiring Facilities Management Solutions Can Greatly Improve Your Workplace

May 23, 2023
Helpful Tips For Bathroom Remodelling Zxc (2) 4

Helpful Tips For Bathroom Remodelling

May 21, 2023
The Perfect Hints & Tips For House Buying in 2023 Untitled design (18) 5

The Perfect Hints & Tips For House Buying in 2023

May 17, 2023
How to Choose Furniture for Interior Design Projects Untitled design(607) 6

How to Choose Furniture for Interior Design Projects

May 12, 2023

Related Stories

Unveiling the Magic: How Window Coverings Transform a Room Qwe (29)
4 min read

Unveiling the Magic: How Window Coverings Transform a Room

May 24, 2023 12
Helpful Tips For Bathroom Remodelling Zxc (2)
3 min read

Helpful Tips For Bathroom Remodelling

May 21, 2023 20
The Perfect Hints & Tips For House Buying in 2023 Untitled design (18)
3 min read

The Perfect Hints & Tips For House Buying in 2023

May 17, 2023 23
How to Choose Furniture for Interior Design Projects Untitled design(607)
5 min read

How to Choose Furniture for Interior Design Projects

May 12, 2023 27
How to Sell Your Canadian Home Fast in 2023 Pexels-rodnae-productions-8292771
3 min read

How to Sell Your Canadian Home Fast in 2023

April 26, 2023 45
Tips To Make Your Home Look More Luxurious Tips to Make Your Home Look More Luxurious
5 min read

Tips To Make Your Home Look More Luxurious

April 18, 2023 379

you may like

Your Personal Choices for Your Home Untitled design (72)
3 min read

Your Personal Choices for Your Home

Gary Cripps May 25, 2023 7
A new home is not just a physical space; it is a journey of exploration, transformation, and...
Read More
Unveiling the Magic: How Window Coverings Transform a Room Qwe (29)

Unveiling the Magic: How Window Coverings Transform a Room

May 24, 2023
How Hiring Facilities Management Solutions Can Greatly Improve Your Workplace Untitled design - 2023-05-23t080328.957

How Hiring Facilities Management Solutions Can Greatly Improve Your Workplace

May 23, 2023
Helpful Tips For Bathroom Remodelling Zxc (2)

Helpful Tips For Bathroom Remodelling

May 21, 2023
The Perfect Hints & Tips For House Buying in 2023 Untitled design (18)

The Perfect Hints & Tips For House Buying in 2023

May 17, 2023

Thanks to our partners!

  • Privacy Policy
  • Terms & Conditions
  • About Us
© 2023 decoratoradvice.com
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT