What are the main drivers for investing off-plan?
Off-plan property is a highly successful option when buying real estate in Dubai. Below are some of the reasons why off-plan property is so beneficial to international investors.
Anywhere in the world, off-plan purchase offers investors the ability to buy at the lowest possible price and achieve maximum returns on investment. Many investors keep their property for a number of years and receive excellent rental income. Meanwhile they enjoy a beautiful holiday home and watch the value of their property increase steadily.
What are the main drivers for investing off-plan:The best price – the first properties released usually go for the cheapest, because the developers need fast early sales. Once they meet their financial requirements, they often up the purchase price on the remaining properties to make up for lost profits. Today’s price for tomorrow’s equity – An off the plan purchase means you can lock in the ownership of a property, without having to settle for an extended period of time. It may be one or two years before settlement, so capital growth can often make your initial deposit more valuable in the meantime. The risk here is that the value may decrease in this time, so it is important to be sure about the area, not just the property. If you intend to hold the property long term, value fluctuations in the immediate future may not overly concern you. Time on your side – The long settlement period means you have some breathing room to take care of the investment, or to organise to move house if you intend to be an owner-occupier. You can also use the time to save money and reduce the amount of finance you will need to borrow.
Example: Murano Residence, Al Furjan, Dubai, UAE
Please find more information about Murano Residences in the tap at the top of this webpage.