Off-Plan Properties
Over the past few years, the UAE in general, and Dubai in particular, have witnessed a huge demand for off-plan properties. In some cases, people stayed in queues all night just to get a token for buying an off-plan property, with projects being sold out within hours.
With transactional transparency, economic and visa reforms by the Dubai government, and modern, innovative structures, the UAE and Dubai have become investment hubs for global investors.
Thanks to lucrative payment plans offered by developers, most residents are now opting to own property rather than rent. In some cases, developers have introduced post-handover payment plans, allowing end users to pay after handover. This has further contributed to the high demand for flats and villas in Dubai.
Buying in an off-plan project is generally safe in Dubai. However, there are a few things you need to verify before finalizing your choice from multiple options.
Developers Reputation
There are hundreds of developers in the market. Some are major market players, while many have just entered the market. As a new investor, it’s essential to choose a developer carefully. Property Guide Real Estate, with its extensive market knowledge, can help you choose the right developer.
Location of Project
There are many developers in the market, and they continuously launch new projects over time. The location of a project is crucial, as the capital appreciation of a property largely depends on its location. You need someone to advise you on this important factor. Property Guide Real Estate will assist you by providing fair and unbiased suggestions about the best locations for your investment.
Legal Status of Project
In Dubai, no developer can sell a property unless it is registered with the Dubai Land Department. The developer must secure an escrow account in the name of the project, and all payments must be made into that escrow account. Additionally, the developer must own the plot, and all permits from competent authorities must be in order.
How can you ensure this? PROPERTY GUIDE can help you verify these crucial details, ensuring your investment is safe and compliant with regulations.
Pricing and Payment Plan
Excited about buying a property? It’s important to ensure that what you are purchasing is not overpriced. Making the wrong choice could disrupt your finances, and if you’re unable to pay on time, developers may take legal action. Therefore, always consider a fair price before committing to a deal. A flexible payment plan can also help prevent defaults. Both of these factors can be discussed with our experts to ensure you make an informed decision.
What is benefit of Buying through PROPERTY GUIDE?
PROPERTY GUIDE Real Estate believes in building long-term relationships with our clients and always provides honest investment advice. In a market flooded with off-plan projects, we only recommend a select few.
We not only consult with you to find the best project but also offer after-sale services and take care of your property after handover, ensuring smooth rental income.
Authorized Partnership
Property Guide Real Estate is authorized by all major developers in Dubai. We can assist you in purchasing any property in any off-plan project and handle any matters related to the transaction in the future.
Some of the top developers we work with are as follows:
Authorized Sales Partner
