Off-plan properties generally have lower prices because they are under construction.
The entire payment is not required at the time of purchase; just a down payment and monthly payments are required to pay off the property's worth. This relieves financial stress and provides for greater flexibility in the home purchasing choice.
The majority of banks and financial institutions provide appealing financing plans to assist in the repayment of off-plan houses.
There are no taxes involved in an off plan property investment in Dubai.
The stability of the currency in the UAE encourages expatriates to purchase property.
There will be always tenants or buyers for your off plan investment.
Most of the process of buying an off plan property is similar to purchasing a ready property. This guide compiles the differences in buying an off plan property with regards to the documentation and key focal points.
Oqood Registration; Oqood Registration is a service given by the Dubai Land Department to developers (DLD).
The Oqood Certificate is just as necessary for the registration of an off-plan property as a Title Deed on a completed project.
It is the pre-registration of ownership in your name and the registration of your interest with the Dubai Land Department.
Be watchful of unregistered developers and projects.
Ensure that the financial plan is suited to your time and budget.