Dubai Off-plan properties

Buying an off-plan property in Dubai is really a great investment. The growing popularity of Dubai real estate and the high demand for residence has led investors and buyers to rush for Dubai off-plan properties. People love to purchase off-plan projects due to their lower prices and different payment options. 

And most importantly, these properties are the best assets to get a high investment return. However, if you’re planning to buy an off-plan property in Dubai, consider reading the given FAQs. You’ll get a clear idea about Dubai’s off-plan property.

Top 10 FAQs About Off-plan Properties in Dubai

Q: What is an off-plan property?

A property or project which is under the construction process is called off-plan property. However, one can see the blueprint or graphical design of the property. 

Q: What are the benefits of buying off-plan properties?

Off-plan properties offer many benefits. First of all, you can purchase the project with flexible payment methods and at a lower price. Secondly, off-plan projects are the guaranteed assets to get assured ROI once the properties are ready to use. In addition, you can sell the property even before the completion of construction. 

Q: Can foreigners buy off-plan properties in Dubai?

Yes, Dubai allows foreigners to buy off-plan properties. And for a safe and secured purchase, Dubai Land Department authorizes the property transfer. 

Q. What are the payment plans to buy an off-plan property in Dubai?

There are four different payment plans to buy an off-plan property in Dubai.

  1. Post-handover installments: You can pay in installments within 3-10 years after the handover.
  2. 10/90: Pay 10% before the handover and the rest 90% after the handover in installments.
  3. Pay during construction and after the handover: It’s very similar to 10/90. You can pay with 40/60, 50/50, 60/40, and other payment options.
  4. Pay through rent: It’s good for rental residents. You can pay the property value through your monthly rent with an additional charge for the property.

Q: Can I sell an off-plan property before paying the full amount?

In most cases, you can sell the property even though you haven’t paid the full amount since many developers allow it. However, you must read the contract papers or property criteria before you purchase.

Q: How secure is it to buy an off-plan property in Dubai?

Off-plan property buying and selling in Dubai are regulated by the Dubai Land Department, a government authority. The government regulates all the necessary steps to make a secured property transfer to save buyers and sellers from fraud. 

Q: How soon can I get ROI from the property?

Once you get the handover after completion, you can get a return on your investment by reselling or renting the property. The better your property, the more high-paying tenants you’ll find.

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