In an earlier post we have discussed the topic of affordable accommodation requirements in Dubai. With properties prices recovering well from the global economic down turn from 2009 various locations in Dubai have returned to their former glory days and exceeded in value.
We are delighted to see more recent Developments being launched that can now welcome a new generation of investors back to the market. With attractive payment plans and competitive prices these new projects will provide opportunity for first time purchasers to start their property portfolio or for seasoned investors to expand.
One of the advantages of buying off plan is to purchase at a lower price than its’ comparable completed property. The selection process provides larger choice as a bulk supply of units is released into the market and therefore giving investors more varied options. The payment plan over the period of construction is very attractive as the 100% down payment to purchase is only required on completed properties. The capital growth over the term of construction can provide great returns on your investment. As the first Buyer you will recover 100% of the premium on the property at time of selling. To those end users and buy to let investors a 12 month warranty on the property for any defects is provided at time of project completion. This presents opportunity to professionally snag the property and identify any items for improvement or rectification. You will have the history of the property maintenance from completion as an off plan purchaser and first time owner.
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