Off Plan Property Is A Highly Successful

1.Anywhere in the world, off-plan purchase offers investors the ability to buy at the lowest possible price and achieve maximum returns on investment.
2.Many investors keep their property for a number of years and receive excellent rental income. Meanwhile they enjoy a beautiful holiday home and watch the value of their property increase steadily.
3.Others sell on their contract prior to project completion, cashing in on capital growth as well as avoiding the costs of actually owning the property.
Off-Plan Property in Dubai
We carefully vet the offers of Developers and work with only the most reputable and secure companies that operate in your favoured location. Payment schemes currently on offer allow you to buy property off-plan, ie. before or during construction when the price remains low, with deposits of only 10% of the property price.
By the time the property is finished, prices rise due to market forces and the greater general appeal of a completely finished property that is ready to move into. Investors therefore sell the property on to another property purchaser and in doing so, enjoy some excellent returns. While estimates vary, many analysts put growth in the five years as much as 200% representing a tripling of prices.
Investors should however exercise due diligence and choose wisely, making sure that the property is located in an area where they will resell quickly and easily or where there is a high rental demand for their buy-to-let option. With an off-plan investment, even in the “worst case” scenario if the property cannot be sold upon completion, the final balance due can often be financed by the developer himself, typically over 4 years or more. Furthermore, the rental income may pay off the finance of this loan and yield further eventual return on investment.
How can property be cheaper if bought off-plan – How does it work?
In order to limit financial risk and debts, the developers of any project will wish to sell units off-plan. They understand that if buyers cannot see a physical property at the beginning, they will demand a lower price, while relying purely on the developer’s reputation, the property location, artistic impressions and computer simulations on which to base their decision to purchase.
In addition to the excellent off-plan price, some highly beneficial finance structures are in place. You sometimes need to pay only around 20-40% of the purchase price in the form of a deposit, while the rest is payable upon completion. This may be financed by a mortgage if necessary.
If you decide to invest in off-plan property, you will need to decide which strategy you will adopt to achieve your return on investment. Our experts will help you to choose the most appropriate plan, creating an investment programme suitable to your needs, whether this is “pure investment” or a “buy-to-let” strategy. We will also assist you in finding the most appropriate location to suit your investment needs.