This is Why Off-Plan Investment Seems to be a Reliable Choice for Expats in Dubai
Currently, Dubai is experiencing economic growth, good political climate and lucrative return on investment. These factors are making the city become an investment destination for individuals looking to invest their hard-earned money. In the recent past, off-plan properties have been enjoying immense popularity from investors. The trend of selling and buying properties off-plan is projected to continue in the coming years.
Here are the reasons why off plan properties in Dubai are becoming popular
- Low prices and flexible payment plans
One of the biggest advantages of off-plan properties is that they are offered at lower prices. Apart from the low prices, most off-plan projects have a friendly payment plan. This makes them more affordable than fully constructed projects that are valued higher.
Since there are many projects sold off-plan, developers are competing on prices and flexible payment plans. For instance, most of them offer a 10% deposit while the rest of the payment is spread over a certain period of time.
- Impressive return on investment
Dubai is arguably the fastest growing city in the world. As a result, the real estate industry has been experiencing significant growth with a remarkable return on investment (ROI). So, if you buy a property off-plan, the value is likely to increase irrespective of the purchase price.
- High rental yields
The high rental income is one of the major reasons why a lot of investors are showing interest in the Dubai real estate industry. As the population of the city continues to surge, the demand for houses will continue to increase.
Furthermore, the booming tourism industry is also contributing to the increased demand for houses. In addition, the city is expecting major world events such as the Dubai Expo 2020 and the World Cup which are expected to bring in more visitors.
- Effective real estate regulations
Most off-plan transactions are marred with a lot of irregularities. Through the real estate regulation authority (RERA) and Dubai Land Department (DLD), the government has taken appropriate measures to protect buyers against delays, cancelation, and fraud. For instance, buyers are expected to make payments through banks that are approved by the DLD.
Due to the increased popularity of the off plan market Dubai; a lot of developments are popping up in different parts of the city. This is providing off-plan buyers with a lot of options in terms of location, price points, and property type. The Emaar Beachfront apartments are one of the biggest projects being sold off-plan. Take this investment opportunity that is guaranteed to provide an impressive return on investment.