One of the best investments you can put down your hard earned money into is the real estate property. Properties don’t depreciate but increase in value as years go by. If you are in Dubai and you are still contemplating whether to invest or not in properties this page is mainly for you.
It is to share with you some of the top reasons you should invest in Dubai property especially the off plan properties to be precise. Dubai has one of the fast-growing economies with sophisticated infrastructure and high yield returns on all property investment.
Here are the top reasons you should consider investing in off-plan properties in Dubai.
Flexible payment plan and affordable prices
Off plan property are yet to be constructed projects which are offered at lower prices. Without a doubt, it has become a visible way for average earners to become a landlord without spending their fortune. The plan gives investors the privileged to start with a lower amount and pays the rest of the fee as the project moves from one phase to another.
It has a flexible payment plan which includes 50 percent upfront and the rest upon completion of the project. Whichever payment plan you choose, the program gives room for you to invest in some other things without you going broke.
Dubai ranks among the best cities with the fastest growing economies in the world. One of the investments that have proven to give high yield regarding return on investment (ROI) is the estate property. The secret about investing in off-plan property in Dubai is that you have higher chances of getting a huge capital gain.
This can take place during or after the completion of the project. On the off chance that you will decide to sell the property after construction, you aren’t going to sell at the exact price you purchased it because there is always increase in the market value for the property.
However, many things determine if you will get capital gain on your projects and they are the location, landmark, neighborhood popularity and some amenities around the place. The bottom line is one of the reasons you should invest in off-plan property investment is the capital gain involved in it.
High rental yield
Due to being one of the populated cities all over the world, the demand for an apartment is always on the rise. A lot of people visit for tourist, shopping and business meetings and will need somewhere to stay all through the period they will remain in the city.
Therefore as an investor, it is advisable that you invest in off-plan property and once the project is completed, you can make huge money from it by renting the rooms out or the whole apartment for any potential suitors. Due to the high demand for apartments, you can increase the renting fee, and you will make more money by doing so.
Will you ever be at a loss for investing in off-plan property? Can you be a victim of fraud from developers? The answer is no. There is buyer’s protection on all off plan property in place by the real estate regulatory authority and the Dubai land department. The Law is to ensure buyers are secured and safe from fraud on or during the process the project is ongoing.
The law set in place is that the buyers must make payment for all off-plan property to Dubai land department banks (DLD). Therefore, developers will only be able to withdraw the money once the project gets to a particular stage of completion.
December 17, 2018