Off-plan properties for sale in Dubai are projects that are underway. For investors, they offer ample opportunities to profitably invest money. Currently, there are more than 60 areas in the emirate in which foreigners can own real estate on the right of full ownership. Among those real estate in Dubai Hills, UAE, in Business Bay, in Dubai Marina. And these are just a few of the emirate's popular communities. Let's consider why it is worth investing in apartments under construction in Dubai and why such a transaction has risks.
Specificity of off-plan projects in Dubai
Transaction security is a concern for every overseas property buyer in Dubai. The period between the purchase and the moment of delivery is the main alarming moment. However, the state has provided a set of measures aimed at protecting the rights of buyers.
Among them:
Obligatory right of ownership of the developer to the land plot on which the construction is being carried out.
Availability of at least 20% of the planned project budget on the developer's account.
Opening sales at the stage when at least a tenth of the project has been implemented.
All these measures assume that the construction company offering apartments and villas for sale in Dubai has its own funds. Another guarantee of investment security for the buyer is the phased deposit of funds. There is no need to pay the cost of the property immediately. The payment schedule is developed for each project individually.
Why investing in real estate under construction in Dubai is profitable
Analysts and specialists of real estate agencies in Dubai note the active interest of foreign buyers in the housing stock of the emirate. Housing under construction has a number of advantages in comparison with the finished one:
more affordable price;
the possibility of buying in installments, which is offered by many construction companies;
capitalization of the cost at the time of delivery.
At the same time, the owner can put up an apartment for sale in Dubai at any time, without waiting for delivery. And sell it for a profit. The liquidity of comfortable objects in the metropolis is very high.
Innovations in legislation
If an investor, for any reason, wants to apply for a resident visa, it is enough for him to purchase one or more housing stock objects with a total value of more than 545 thousand rubles. dollars. Previously, a resident visa could only be issued upon purchase of finished housing.
What to consider when choosing property for sale in Dubai
The UAE has a sufficient number of public and private developers with a decent reputation. The probability of failure to meet the deadlines for the delivery of objects is minimal. But even in the event of unforeseen circumstances, buyers are insured against material losses. If the developer fails, the project is completed by another developer, or the buyer can fully return the contributions made, which are frozen on the excrow account of the construction organization. Read more about the most reliable developers in the UAE on the official website https://www.axcapital.ae/ru/.
