Buying a property off-plan, means you are committing to buying a property before it has been built. An off plan property in Dubai can be purchased before any construction work has begun or before the project has been officially finished. When buying an off-plan property a buyer must choose to purchase the property based on the blueprint of the project. Below we outline the benefits of buying an off-plan property.
Buying a property off-plan is significantly cheaper than buying a finished property or unit. This is often because developers want to sell a certain number of units before construction has finished and because developers want the units they have available after the construction work is completed to appear more in-demand and exclusive.
2. Staged payments
When you purchase off-plan property, you may be able to benefit from staged payments. For example, you may have to pay a deposit and then stagger the remainder of your payments whilst different stages of the construction work are completed. This can vary between different development companies, however, so should be checked before you make an offer for Emaar off plan projects such as Emaar Beachfront apartments or Dubai Creek Harbour.
3. Personalized property
You may be able to negotiate with the development company any changes you wish to make to an off-plan property. For example, you may wish to sacrifice an office space and extend your kitchen. This will ensure your property looks exactly how you want it to and you will not need to complete construction and interior work once you have bought the property.
4. Investment opportunity
If you are looking for an investment property, buying an off-plan property at an early stage of its development is a great idea. For example, if an off-plan apartment will take two years to finish, you can decide when the market is most lucrative within that two year period to sell your property.
Contact Fäm Properties
If you are looking to buy off-plan property in Dubai, do not hesitate to contact Fäm Properties today. We can answer any queries you may have about off-plan properties in more detail so do not hesitate to contact us.