Off plan vs ready property

When buying a new home in Dubai, there are mostly two options available: either buying a ready property or buying a property based on the blueprints, what we commonly call an "off-plan" property.

The main positive point about buying a ready property is that you don't have to wait to move into your dream house as it is already there! And as matter of fact should you decide to pay in cash, you could move in within a couple of weeks.

That is for the good part. Now the main downside of a ready property is the cost: buying into prime areas such as Downtown, Dubai Marina and The Palm Jumeirah can come at a hefty price. Also you would be buying a property that's already 5 years old or more.

This leads to the main selling point of buying off-plan properties: price. Purchasing an off-plan property can be quite rewarding from an investment point of view as it can easily save you anywhere between 20% to 40% compared to ready properties with similar features.  

Another point to consider is the capital appreciation of the property: Dubai is still a brand new city and there is a lot of infrastructure yet to be built which once completed will bring more value to the property you are buying, especially if you are buying an off plan property in a new community such as Mohammed Bin Rashid City or Jumeirah Village Circle for example.

We currently have several off plan options available. If you would like to know more, please don't hesitate to contact me.



Engel & Völkers

Real estate agent Ludovic Mapessa BRN: 36641
Nakheel Sales Center, Building 7, Al Sufouh 1
PO Box 17722 Dubai
United Arab Emirates
Phone
+971 50 115 4902

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