Buying off plan property in Dubai
The term 'off plan' refers to properties that are under the construction phase. Whether it's a fantastic location, a stunning layout, or a designer brand affiliation, these projects offer lucrative investment opportunities.
Great capital appreciation
If capital appreciation is what you’re after, off plan properties are a strong contender – especially if you invest in the development stage.
The value of the entire project appreciates as construction continues, so it's like watching your investment grow in front of your eyes. Once the development is finished, you've got a lucrative asset in the market.
Flexible payment terms
Another great benefit of off plan is the easy payment scheme. The price of the property is spread over a few months or years depending on the completion date, making it easier for you to pay for your home. Many projects even offer a post-handover plan, so you'll be able to make the final few payments after the property is finished.
Investment opportunities
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Frequently Asked Questions
Yes – you can get a mortgage for most off plan properties in Dubai. There are a few standard qualifying conditions, so check with your Property Consultant to see what the best option is for you.
Yes. Dubai is divided into two 'zones' called freehold and mainland, and total foreign ownership is allowed in freehold areas. Foreigners who don’t live in the UAE and expat residents can get ownership rights over their properties without restrictions for up to 99 years.
While it's similar to buying a ready property, off plan purchases include other steps like initial booking and handover. These 10 expert tips will give you some inside info on the process and help you get started - just make sure you contact an Off Plan and Investments Consultant and clear up any questions before diving into the journey.
