Off-plan is a property that has yet to be built. While investing in off-plan may not seem like the obvious choice, it is the most effective solution for buyers, as you can gain bigger yields from off-plan properties than completed units.
If you want to invest in your first home, off-plan properties in Dubai is more affordable. Binayah Real Estate is one Dubai’s leading real estate companies that also have offices in the international market including London and Muscat. We have the relevant market expertise as an established real estate company to find you the perfect off-plan property to suit your lifestyle and budget.
Off-plan properties are often offered at considerably lower costs than completed units. Buyers can purchase off-plan properties at attractive rates and payment plans. You will be able to secure a property at a significant discount. It is an obvious perk of projects that are still under construction. Buyers are entitled to feasible payment plans and have the advantage of choosing high quality off-plan developments. Whether you are a first-time buyer or seasoned investor, you will benefit greatly from these inexpensive plans.
Dubai has a strong economy that keeps making gains every day. The real estate market promises high yields on return on investment. Despite the off-plan property status, the value of property will increase as soon as it is completed. So while you are paying in affordable terms, you will see the value of your property rise in the market, and make noteworthy capital gain.
Rental income has made significant inroads in the real estate market in Dubai. With expats making their way steadily into the country, the demand for housing has only increased. Rental income has remained steady despite the up and down fluctuation in Dubai’s property development sector. If you own an off-plan property, expect to make high rental yields, ensuring you can enjoy financial stability in the city.
Dubai has off-plan property laws with several measures put into place by the Real Estate Regulatory Authority (RERA) to ensure buyers are protected in their off-plan property deals. These regulations have reinforced confidence in the off-plan property market and buyers are more interested in making investments before projects reach completion.
Some of the popular areas to invest in off-plan properties include Palm Jumeirah, Downtown Dubai, Jumeirah Village Triangle, Dubai Creek Harbour, Silicon Oasis and Business Bay to name a few. Binayah Real Estate has direct ties to major property developers in Dubai namely, Emaar, Damac, Nakheel, Dubai Properties, Meydan Group, Meraas and Dubai Holding. We will assist our clients in the process of purchasing an off-plan property from start to finish. We take on the complete process of securing you the best property deal with flexible payment plans and profitable investments.Benefits in Brief of Off-Plan Property in Dubai